Both advisors and individual investors in mutual funds claimed some measure of victory in the U.S. Supreme Court's decision last month of Jones v. Harris. That case essentially upholds the 1982 Gartenberg standard, requiring that fees charged by advisors reasonably reflect the services that they provide.
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.