kaal:claim:2811729-037

Given the risks to retail investors of investing in complex unconstrained mutual funds and the SEC's own concern about the retailization of private funds, it is unclear why the SEC has not acted to enhance protections for retail purchasers of unconstrained mutual fund shares.

Source quote, verbatim

Given the risks to retail investors of investing in relatively complex UMFs, and the SEC's overall concern about the "retailization" of private funds, it is unclear why the SEC has not taken action to enhance protections for retail investors seeking to purchase shares of a UMF.

From

Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016), VI. Conclusion, p. 53
https://ssrn.com/abstract=2811729 · source PDF

Cite as

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

Holds when

SEC regulatory posture as of 2016

Classification

failuresupport: arguedfailure: Regulator inaction despite identified riskfamily: enforcement-gapsecurities-law

Verify

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