Mutual Fund Regulatory Issues
You may have seen recent news articles concerning sales and/or trading practices at certain mutual fund companies. As we continue to closely monitor these developments, we wanted to offer a couple of comments and invite you to contact us with any concerns you might have.
The organizational and regulatory structure surrounding mutual funds offers certain fundamental safeguards for shareholder assets. The activities that regulators are currently looking into do not appear to have compromised these basic safeguards. Rather, it appears that some funds may either have allowed or failed to detect certain trading practices by small numbers of shareholders that may have resulted in costs being unfairly borne by the majority of shareholders.
It is unlikely that any of the activities in question have had a significant impact on the value of your holdings. However, we take seriously any failure by the investment companies we deal with to adhere to the highest fiduciary standards on behalf of our clients.
We
encourage you to give us a call to discuss these or any other aspects of the
investments you have made with us.
520.884.7550
jpw@financial-architects.com
2311 E. Broadway