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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.