Team Players

摘要

The fund industry can be proud of its history of promoting a culture of honesty, integrity, transparency and accountability, and also should be proud of its commitment to strong fund governance and compliance practices." These are the words of Paul Roye, director of the Securities & Exchange Commission's Division of Investment Management―the guy who writes the rules for the $7 trillion industry. He uttered them in March, six months before it came out that certain funds had been allowing unethical, possibly criminal, trading to take place in their shares.