Regulators widespread probe into the $7.6 trillion mutual fund industry is likely to continue throughout 2005 and possibly into the following year through new chapters investigating questionable relationships with brokerage firms, InvestmentNews reports.
Officials at the
Mary Schapiro, vice chairman of the NASD, said regulators are still seeking additional transparency for investors and will target their efforts at exposing conflicts of interest. For example, the latest wave of investigations centering on improper gifts exchanged between trading experts at
Hedge funds have largely succeeded in dodging regulators bullets, but increasing investments into alternative investments from large public funds like
