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Payback Time

Mutual funds are paying the price, but will you get your fair share?

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This story appears in the August 2004 issue of Entrepreneur. Subscribe »

Settlement dollars from the SEC crackdown on mutual fund malfeasance will reach millions. So where will that money go?

Probably not into the checking accounts of individual investors whose investments shrunk due to improper market timing and after-hours trading. Instead, the money will be doled out to the funds themselves. The goal is to partly restore assets withdrawn by shareholders and to reduce investors' fees and expenses as compensation for bearing the cost of unfair trading practices without seeing any profits.

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