Why Should Current Fund Shareholders Pay to Get New Shareholders?
An article in The Wall Street Journal highlights a troubling issue.
Friday’s The Wall Street Journal carried an ominous headline: SEC Cranks Up Investigation Into Fund Firms’ Fees. (The linked version reads "probe" rather than "investigation," but "investigation" it was this past Friday.) A potential mutual fund scandal! I expected follow-on stories from Internet sites to flood my email inbox.
Nope. Pretty darn sparse.