Dow Jones Columnist Chuck Jaffe added Jack Bogle, BYSIS clients, ProFunds, the SEC and even investors in his 11th  annual “Lump of Coal” list.

First up: the Securities and Exchange Commission.  “Fund companies actually were lining up to pay fines, and yet the agency hasn’t  gotten through all of the cases,” Jaffe worte. Those fines that have been collected have yielded few, if any, valuable “investor education tools,” he said.

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