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Jones v. Harris Associates L.P.: mutual fund advisory fees

The Supreme Court is considering a case (reviewing an Easterbrook Seventh Circuit decision) on the extent to which second-guessing by courts (as opposed to, say, market competition) is an appropriate way to regulate investment advisor fees. Prof. Bainbridge quotes/summarizes what SEC commissioner Troy Paredes has to say about the issues. More from Bainbridge here and here and from Larry Ribstein here and (as earlier noted) here.

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.