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...