Posted on 22/06/04
Who's standing up for the investor?
What they don't tell about mutual fund governanceRegulators have talked about toughening up mutual fund governance for more than 35 years. But the talk hasn't led to much action. Critics complain about a lenient regulatory climate that favours the industry, not the investor. Some fear this is the latest product of a fractured system of securities regulation where special deals are made to please individual provinces. Others say it's just a sign of the fund industry's increasing sway over regulators.
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