Edited by William A. Birdthistle and John Morley
Chapter 6: Protecting mutual fund investors: an inevitable eclecticism
The chapter examines the variety of approaches taken on investor protection since 1940 and argues that making efforts on many fronts is the best—and probably the only politically viable—regulatory strategy. Specifically, it considers board-centered, investor-centered, SEC-centered, and market-centered solutions. Though it is found that all are flawed by themselves, and that each could be improved, the medley of their combined effect may be the best protection for investors.
You are not authenticated to view the full text of this chapter or article.