My primary concern remains that Congress, and to a lesser extent the SEC, will rush forth some "cure-all" measures, rules, regulations and laws that are poorly conceived, perhaps along the lines of Sarbanes-Oxley.

With each new regulation that I hear proposed, I see a direct, and oftentimes unnecessarily negative, impact on the fees mutual fund shareholders will pay. A comment I heard recently seems to be particularly applicable at this time: Any law that passes unanimously can't be a good law.

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