# kaal:claim:2811729-036

**Claim.** The Company Act's retail investor protection policies do not take sufficiently into account the investment strategy and risk attributes that unconstrained mutual funds share with private funds.

**Type.** failure  **Support.** argued

**Holds when.**

- Investment Company Act protections as applied to unconstrained mutual funds

**Source quote.**

> Company Act's retail investor protection policies do not take these risks sufficiently into account.

**From.** Wulf A. Kaal, *Unconstrained Mutual Funds and Retail Investor Protection* (2016), VI. Conclusion, page 53

**Cite as.** Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

**Verify.** sha256 of source PDF `0877b0a076f2614559cb0b1a736f73401cecbee7cfe014da6e36709208e92a74` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Anderson%20-%202016%20-%20Unconstrained%20Mutual%20Funds%20and%20Retail%20Investor%20Protection.pdf

**Failure mode.** Statutory protections misaligned with actual fund risk  (family: investor-protection-gap)

**Topics.** private-funds

**Keywords.** investment-company-act, investor-protection, regulatory-gap, private-funds

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2998097-038

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.