WHY IT'S OPEN SEASON ON MUTUAL FUNDS

摘要

In last year's sordid parade of financial scandals, the one player missing was the mutual-fund industry. Compared with Wall Street, funds have a clean, investor-friendly reputation. But suddenly, the funds have become a target for regulators and lawmakers. The shell-shocked funds and their lobbying arm, the Investment Company Institute (ICI), are wondering what hit them.