A new research report indicates that many of the proposed changes to the troubled mutual fund industry would do more harm than good, mostly because of how much money implementing those changes would cost.

The TowerGroup conducted research that identified the five major causes of the fund scandal, and suggested alternatives to some of the reform ideas that have been kicked around. The five problems are nothing new or groundbreaking: Failure to charge breakpoints, late trades, timing the market, conflicts of interest by brokers and investor trust.

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