Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
From inside the book
Results 1-5 of 100
Page 5
... present pattern , nor existing provisions of the act have been suf- ficient to assure equitable costs to mutual fund investors . The bill would deal with this situation essentially in this way : 1. By providing expressly that advisory ...
... present pattern , nor existing provisions of the act have been suf- ficient to assure equitable costs to mutual fund investors . The bill would deal with this situation essentially in this way : 1. By providing expressly that advisory ...
Page 23
... present level of costs , have generally proved profitable ; and , second , that it would cost the average mutual fund shareholder considerably more if he attempted to manage his own modest portfolio of , say , $ 4,000 with the advice ...
... present level of costs , have generally proved profitable ; and , second , that it would cost the average mutual fund shareholder considerably more if he attempted to manage his own modest portfolio of , say , $ 4,000 with the advice ...
Page 24
... present conditions it is difficult for the unaffiliated directors to exercise their authority in the fee area . The realities of the present situation , the provisions of the existing law and many years of actual experience demonstrate ...
... present conditions it is difficult for the unaffiliated directors to exercise their authority in the fee area . The realities of the present situation , the provisions of the existing law and many years of actual experience demonstrate ...
Page 31
... presents are difficult , and we cannot dismiss the suggestion that the present artificial compensation sys- tem that makes the sale of mutual fund securities so much more re- munerative than sale of other securities may result in an ...
... presents are difficult , and we cannot dismiss the suggestion that the present artificial compensation sys- tem that makes the sale of mutual fund securities so much more re- munerative than sale of other securities may result in an ...
Page 32
... present , at least , we ought to leave *** ( the sales load problem ) to competition among the different distributors . " For 27 years the Commission has waited for the hoped - for competi- tion among principal underwriters to ...
... present , at least , we ought to leave *** ( the sales load problem ) to competition among the different distributors . " For 27 years the Commission has waited for the hoped - for competi- tion among principal underwriters to ...
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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