Noted national syndicated columnist Jane Bryant Quinn is warning investors to be wary of high-cost mutual funds, which may be out to dupe them. In a recent Newsweek column, Quinn says that in this market, even tiny percentage differences in cost can add up, making investors potentially lose thousands of dollars every year.

Regulators such as the Securities and Exchange Commission are creating new ways to alert investors about shady revenue-sharing arrangements between fund companies and brokers, in which fund companies pay brokers to tout their funds to investors.

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