Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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Mutual Funds Are Still Keeping Secrets - Arthur Levitt - NYT
“In my career in the securities industry, I have seen that a rising stock market brings falling interest in transparency, risk awareness and investor protections. With every new high in the Dow Jones industrial average someone seeks to further diminish our system of securities regulation. Sure enough, as the Dow hit new heights last year, the mutual fund industry’s lobbying arm, the Investment Company Institute, asked the Securities and Exchange Commission to water down its relatively modest disclosure requirements.”
