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Will the Supreme Court Affect Mutual Fund Fees?

on November 5, 2009 in Investment Company Act

On Monday, the Supreme Court heard the arguments on a case involving mutual fund fees. The case is trying to reconcile the standard for when mutual fund fees are too high. Under §36(b) of the Investment Company Act of 1940 the “the investment adviser of a registered investment company shall be deemed to have a [...]

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