New funds are usually concentrated in the stocks that have recently risen the most, a fact that may not be disclosed. The basic regulatory rule is that investment-manager conflicts must be disclosed. Regulators are active in enforcement. The U.S. Securities and Exchange Commission recently fined...
New funds are usually concentrated in the stocks that have recently risen the most, a fact that may not be disclosed. The basic regulatory rule is that investment-manager conflicts must be disclosed. Regulators are active in enforcement. The U.S. Securities and Exchange Commissio...