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Article: Mutual fund reforms on front burner
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- November 16, 2003
- Author:
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MARCY GORDON, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
11-16-2003
Mutual fund reforms on front burner
By MARCY GORDON, THE ASSOCIATED PRESS
Date: 11-16-2003, Sunday
Section: BUSINESS
Edtion: All Editions.=.Sunday
WASHINGTON - Public outrage is building over the mutual fund scandal, and investors in implicated funds are voting massively with their feet: About $14 billion was yanked out of one big-name company alone in the weeks since regulators filed civil fraud charges alleging trading abuses there.
Underscoring the urgency, a special presidential advisory group met Friday and discussed the mutual fund debacle and new government initiatives to overhaul the $7 trillion fund industry.
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