MarketWatch columnist Chuck Jaffe portrays the $75,000 former
“As a mutual fund shareholder, you wanted to believe there would be no more scandals, that the bad guys had been caught, would be punished and that the worst was over,” Jaffe writes. “You’d have been better off believing in the Tooth Fairy.”
Mercer Bullard, founder of Fund Democracy, agrees: “There are some ‘everyone-is-doing it’ abuses that no one seems to be really getting punished for. There will always be another angle, at least until someone decides that hurting shareholders this way deserves real punishment.”