At a recent ExxonMobil annual meeting, members of the Rockefeller family made news by backing a shareholder proposal to change company policy in an effort to alleviate global warming. The resulting media attention raised questions about the proper role of institutional investors in voting on political or social issues brought...

Stephen K. West proposed changing mutual fund regulation by using a uniform fee investment company.

Rule 12b-1 under the Investment Company Act of 1940 regulates the ability of mutual funds to use their own assets to pay for the distribution of their shares. The rule is controversial, on the one hand, because 12b-1 fees, as they are called, can be seen as a benefit to...

The Committee believes that the federal safety net that was extended to money market mutual funds could be removed by marking their portfolios to market on a daily basis.

This statement is available here as an Adobe PDF.

The Eurozone Crisis: A Roadmap for Urgent and Decisive ActionWhile European leaders have been meeting in Brussels to address the crisis in the eurozone,...

Mutual fund companieshave gonebeyond government pressure and established sensible new standards, and shareholders have punished the tainted by shifting their assets to other funds.

Press release/summary for the book Competitive Equity, by Peter J. Wallison and Robert E. Litan.

Two U.S. regulators are at odds over how to punish a large investment firm caught in the recent mutual fund scandal. The choice is crucial.