In the Margins
In Morningstar's Rekenthaler Report column, John Rekenthaler maintains that mutual fund directors are held to a lower standard of fiduciary duty than 401(k) plan sponsors are. Rekenthaler, in analyzing a recent excessive fees case, maintain that directors do not act solely on behalf of fund shareholders, but also are beholden to the advisers of the funds they oversee. Read the original story from Morningstar.
Most Read
Dalia Blass this month will wrap up her more than three-year tenure as director of the Securities and Exchange Commission's Division of Investment Management, a time ...
Regulatory matters are expected to take up a sizable chunk of time on mutual fund boards' 2021 agendas. The new rule on fair valuation practices is ...
The Securities and Exchange Commission on Thursday adopted a new rule on fund valuation practices, the first comprehensive update in 50 years. Rule 2a-5 will permit ...
It's a good thing Carolyn McPhillips had the experience she did when she took the helm at Mutual Fund Directors Forum last June because she had ...