Supreme Court weighs in on mutual fund fees

Courts have a limited role in monitoring and regulating mutual fund investment advisers' compensation, the U.S. Supreme Court found in a ruling issued last week. The decision overturned a ruling by a federal court in Chicago in a case brought by a group of mutual fund investors who said the funds they invested in had overpaid their investment adviser. "The Supreme Court decision is welcome news for mutual fund investors, who can continue challenging fund fees they believe to be excessive," said a spokesman for the Securities and Exchange Commission.

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