Even though the mutual fund scandal has claimed employees, executives, entire companies and tens of billions of dollars of assets, the push toward reform may be weakening, The Baltimore Sun reports.
John Bogle, founder of
From the SECs 75% independent board proposal to the already passed measure for better disclosure of breakpoint discounts, reform is always going to have rabid support and opposition. The industry, many experts say, may block most of the reforms, and mutual fund investors may be once again left simply hoping that they invest in ethically sound funds.
In other words, they might be right back to where they started from.
