{"id":189423,"date":"2010-03-31T22:07:00","date_gmt":"2010-04-01T03:07:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/31\/someone-explain-this-to-me\/"},"modified":"2010-03-31T22:07:00","modified_gmt":"2010-04-01T03:07:00","slug":"someone-explain-this-to-me","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/31\/someone-explain-this-to-me\/","title":{"rendered":"Someone Explain This To Me"},"content":{"rendered":"<p>The Supreme Court just handed down a decision in <span style=\"font-style: italic;\">Jones v. Harris<\/span>, where investors sued brokers for excessive fees.<\/p>\n<p>CNN has an article titled, &#8220;<a href=\"http:\/\/moremoney.blogs.money.cnn.com\/2010\/03\/30\/mutual-fund-investors-win-supreme-court-victory\/\">Mutual fund investors win Supreme Court victory<\/a>,&#8221; and Reuters has an article titled, &#8220;<a href=\"http:\/\/www.reuters.com\/article\/idUSTRE62T2UT20100330\">Supreme Court hands victory to mutual fund industry<\/a>.&#8221;<\/p>\n<p>It appears that the court rejected the lower court ruling that, &#8220;That the competition that has developed among mutual funds in recent  years is sufficient protection for mutual fund investors,&#8221; which would be construed as a win for investors, but retained the standard of, &#8220;f<span>ees are excessive only when they are so high they  could not be the result of arm&#8217;s-length bargaining and bear no  reasonable relationship to the services provided.<\/span>&#8220;<\/p>\n<p>It sounds to me like they split the baby, which seems to be the <a href=\"http:\/\/www.scotusblog.com\/2010\/03\/wednesday-round-up-27\/\">SCOTUSblog&#8217;s take on this too<\/a>, which would imply to me that we will see this back before the court in the next decade or so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court just handed down a decision in Jones v. Harris, where investors sued brokers for excessive fees. CNN has an article titled, &#8220;Mutual fund investors win Supreme Court victory,&#8221; and Reuters has an article titled, &#8220;Supreme Court hands victory to mutual fund industry.&#8221; It appears that the court rejected the lower court ruling &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,972,985],"tags":[],"class_list":["post-189423","post","type-post","status-publish","format-standard","hentry","category-finance","category-justice","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189423"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189423"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189423\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}