The regulatory principles of the United States Securities and Exchange Commission were established three-quarters of a century ago and have been copied by securities regulators throughout the world. The SEC sets forth its principles on its web site: The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and […]

Millions of investors put money for retirement into mutual funds selected on the basis of “SEC total returns” and the name of the fund. For example, many investors are likely to chose “XYZ Long-Term Nest Egg Fund” with SEC 10-year total returns of 8%, over “ABC Fund” with total returns of 5% in the […]

On August 3, 2006, by a vote of 93 to 5, the US Senate passed the “Pension Protection Act of 2006″, already approved by the House of Representatives on July 28, 2006 and now going to President Bush to be signed into law. This massive bill (907 pages) is a major piece of legislation that, like […]