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Spitzer and the mutual fund investor

The more severely you crack down after a market scandal, the better for customers, right? Well, not always: "it appears that the regulatory and legal response ...has made the small investor worse off in terms of cost, choice, and competition for assets", writes John Tamny at TechCentralStation (via Bainbridge). More on mutual funds from AEI: January conference (transcript/summary/video); Jim Glassman commentary.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.