Wednesday, February 22, 2012

Mutual Fund Shareholders are Losing $10 Billion a Year Due to Unequal Pricing That's Hurting Many Retirees

According to PRNewswire in an article in the Wall Street Journal Market Watch "Investors should not be paying differently like airline passengers do according to when they book flights. New mutual fund purchasers and those liquidating mutual fund shares have an unfair price advantage over existing shareholders.
Attorney and human rights activist, Larry Klayman  claims that "New shareholders are being partially subsidized by existing shareholders and regulators don't seem to mind an unequal sharing of the stock brokerage fees that mutual funds incur from ongoing buying and selling of portfolio securities." 
This information is not intended as and should not be construed as investment, tax or legal advice.

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