Supreme Court Rules on When Mutual Fund Fees Are Too High

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. Background Under §36(b) of the Investment Company Act of 1940 the "the investment adviser of a registered...

U.S. Supreme Court Addresses Fiduciary Duty of Investment Advisors

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 , here , here and here , adding to the prolific analysis that preceded...