Individual mutual fund shareholders are likely to be left out in the cold when it comes to compensation for losses they suffered on stocks analysts pumped during the raging bull market, the Associated Press reports.

In the recent $1.4 billion settlement package between regulators and 10 brokerage firms, who the government claims issued misleading stock research and ratings, $387.5 million goes into an investor restitution fund. But it remains unclear how and to whom the fund will be distributed, and which stocks investors will be compensated. Claims by investors that believe they were misled is expected to greatly surpass the allotted figure.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.