Mutual Fund Ruling May Make Fee Challenges More Difficult

By Keith Dutill and Joseph Kelleher ( September 30, 2019, 4:30 PM EDT) -- Since 1970, when Congress amended the Investment Company Act of 1940 to add Section 36(b) and provide fund shareholders with a private right of action against fund advisers for charging excessive fees, more than 100 such suits have been filed....

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