The 40Act states that the interests of shareholders are compromised when mutual funds are operated in the interest of fund advisers. In this regard, one of the Act's major objectives is to ensure investors receive adequate and accurate information. They do not. For this reason, Congress, the...

The revelations of major scandals in the mutual funds industry brought intense feelings of betrayal and financial loss to millions of fund shareholders whose assets were improperly and illegally appropriated. Shareholders need and deserve much greater protection and transparency of normative...

The nature of mutual funds / Conrad S. Ciccotello -- Mutual fund regulation and issues / Conrad S. Ciccotello -- The economics of mutual funds / David M. Smith -- Mutual fund fees and expenses / David M. Smith -- How financial markets work / Larry E. Swedroe -- Active versus passive investing /...