Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
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Page 3
... EXISTING REGULATION The investment company industry , and particularly the mutual fund segment , has grown dramatically since 1940. Mutual fund assets have risen during this period from less than $ 450 million to almost $ 45 billion ...
... EXISTING REGULATION The investment company industry , and particularly the mutual fund segment , has grown dramatically since 1940. Mutual fund assets have risen during this period from less than $ 450 million to almost $ 45 billion ...
Page 5
... Existing regulatory controls on the whole have been effective in controlling the most acute abuses pre- vailing prior to 1940 . I hasten to add , however , that this is not to say that through the years we have not had serious ...
... Existing regulatory controls on the whole have been effective in controlling the most acute abuses pre- vailing prior to 1940 . I hasten to add , however , that this is not to say that through the years we have not had serious ...
Page 19
... existing adviser with a new and untested organization or to recruit , train , and manage a staff of internal advisers simply because the adviser refused to depart sufficiently from the traditional 0.50 percent rate . For these reasons ...
... existing adviser with a new and untested organization or to recruit , train , and manage a staff of internal advisers simply because the adviser refused to depart sufficiently from the traditional 0.50 percent rate . For these reasons ...
Page 22
... existing legal fetters that have resulted from statutory provisions originally designed to protect in- vestment companies against overreaching rather than to shield fiduciaries from a fair accounting for such practices and their conse ...
... existing legal fetters that have resulted from statutory provisions originally designed to protect in- vestment companies against overreaching rather than to shield fiduciaries from a fair accounting for such practices and their conse ...
Page 24
... existing law and many years of actual experience demonstrate that the direc- tors cannot in fact be effective in this area without an express standard by which to guide themselves and an effective means of enforcing it . That is to say ...
... existing law and many years of actual experience demonstrate that the direc- tors cannot in fact be effective in this area without an express standard by which to guide themselves and an effective means of enforcing it . That is to say ...
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Common terms and phrases
advisory fees amendment amount average banks broker-dealers brokerage capital gains Chairman COHEN Commission's committee common stock compensation competition Congress contractual plan corporate costs court dealers distribution dividends economic effect equity Exchange Commission fact fee rates fiduciary firms front-end load Fund Plan Sponsors fund sales fund's gross growth holders income investment adviser Investment Company Act Investment Company Institute legislation load funds management fees Massachusetts Investors Trust ment million mutual fund industry mutual fund investors Mutual Fund Plan mutual fund shares NASD net asset value paid payments percent performance period persons planholders portfolio president profits proposal purchase question reasonable reduced reinvestment sales charges sales load salesmen sample Section 22(d securities business selling Senator BENNETT Senator MCINTYRE Senator PROXMIRE Senator WILLIAMS statement Stock Exchange substantial survey tion transactions unaffiliated directors voluntary plan Wellington Fund York Stock Exchange