The Mutual Fund Myth (An Index Investing Blog)

"Evidence points overwhelmingly to the conclusion that active management of assets fails to produce satisfactory results for individual investors... Index funds provide a clearly superior alternative." -- David F. Swensen, Yale University, Chief Investment Officer

Thursday, May 03, 2007

Fiduciary Duty v. "Suitability" - The End of the Merrill Lynch Rule?

Lynn O'Shaughnessy discusses how the recent court decision to strike down the SEC exemption of fee-based brokerage accounts from complying with the Investment Advisers Act of 1940 eliminates a dangerous industry charade and should afford investors better protections moving forward.

posted by MHS at 7:58 AM

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Previous Posts

  • What They're Taking From You
  • Law Firm Taking Corporations to Task Over 401(k)s
  • As ETF Offerings Grow, Beware
  • More Options For Investors with ETFs
  • Paying More for Bad Advice
  • Sorting Through the ETF Jungle
  • Money Managers Take a Big Bite
  • Ten Things Your 401(k) Provider Will Not Tell You
  • The Frenzy of New ETFs
  • New ETFs Come with Increased Risks and Costs

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Location: Austin, Texas

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