Why Investors Need Regulators to Promote 'Clean' Mutual Funds
Clean shares have the potential to benefit investors, but regulators have to get the details right.
This op-ed originally appeared in The Hill.
In 1940, the first modern mutual funds revolutionized investing by making it easy for people without a large fortune to own a diversified portfolio of stocks and bonds. Their importance has only grown over the last 30 years with the rise of 401(k) retirement plans that largely rely on them.