Here is why the individual Mutual Funds investor does not have a chance

[NNN0LHI]

http://ap.tbo.com/ap/breaking/MGAZVXLY6KD.html

Spitzer Probe Reveals Dirty Secret of Mutual Funds

NEW YORK (Dow Jones/AP) - Some investment experts have always believed that illegal trades in mutual fund shares is a serious problem that hurts unsuspecting ordinary investors. And now, because of a probe led by New York Attorney General Eliot Spitzer, it may receive well-deserved attention. snip

Catching many in the fund industry by surprise in particular is Spitzer's claim that four fund families - Bank of America Corp.'s Nations Funds, Bank One Corp., Janus Capital Group Inc. and Strong Funds - permitted favored companies and individuals to engage in illicit trading while stating in their fund prospectuses that they discourage or prohibit such practices. snip

If proven true, Spitzer's claim that some fund companies actively accommodated market-timing by certain investors in exchange for payments would deal a serious blow to the fund industry and hurt investors' trust in the industry.

Many mutual fund investors have assumed that everybody - whether a hedge fund or an individual - has been on a level playing field. Spitzer's announcement showed it may have been otherwise.

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[SpaceCatMeetsMars]

1. It figures

We were all told that was the safe place to put our retirement savings. I am so confused now about what to do with the retirement savings, such as they are.

[ArkDem]

2. I believe the saying is....

bulls make money
bears make money
pigs get slaughtered

[nothingshocksmeanymore]

3. I hope any Dema dministration makes Spitzer atty general

or better yet chair of the SEC