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"Regulator on Fees: Hands Off, Courts; Fund-Industry Reforms Are Questioned."

"Regulator on Fees: Hands Off, Courts; Fund-Industry Reforms Are Questioned." Today's edition of The Wall Street Journal contains an article that begins, "One of the top mutual-fund regulators said Thursday that he is concerned about courts having more say in whether fees are too high. With the Supreme Court due to hear arguments in a fund-fees case on Nov. 2, Securities and Exchange Commissioner Troy Paredes said that if a fee has been negotiated in 'good faith' between a fund's manager and its board, it would be wrong for judges to look for reasons why that fee is too high."

Full post as published by How Appealing on September 25, 2009 (boomark / email).