Doug Cornelius, Chief Compliance Officer
The Supreme Court issued its opinion
in Jones v. Harris Associates , addressing the
standard for when mutual fund fees are too high.
of the Investment Company Act of 1940 the "the investment adviser of
In Jones v. Harris
Associates, L.P. , the U.S. Supreme Court last week decided an issue
involving the fiduciary duty of investment advisors. Many legal
scholars have already started to comment on this decision, e.g. here ,
adding to the prolific analysis that preceded...
We know that Sarbanes-Oxley offers
protections to employees at public companies, but does it also protect
employees at mutual fund companies?
Yes. At least according to Judge
Woodcock of the Massachusetts U.S. District Court.
The decision is for two cases that
It was possible to overlook it amongst the flurry of high profile opinions the Supreme Court released on the final day of the 2009 court term, but on June 28, 2010 the Court granted yet another petition for writ of certiorari in a case arising under the securities laws. Although the case arises out of...
The SEC filed its third asset valuation action in recent
weeks. This time the proceeding named as Respondents eight mutual fund
directors for failing to properly oversee the valuation of assets in the funds
during the market crisis. In the Matter of J. Kenneth Alderman, CPA, Adm.
Proc. File No. 3...