According to data from industry trade group ICI (Investment Company Institute) the average fees charged by actively managed equity mutual funds are 1.44 percent annually.

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"An awful lot of companies have been living on borrowed time and only some have faced up to their debt position, " says Deepak Sabharwal, president-director of chemicals group ICI Indonesia.

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In the past, Janus Capital Group has added its entire bill for ICI dues to the expenses fund investors' pay, and Fidelity Investments has added an undisclosed portion.

FORBES

Once again, this case illustrates that while the SEC, AIMR and the ICI all advocate on behalf of the money management and mutual fund industry, there is no effective investor advocacy group.

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In the past, Janus Capital Group (nyse: JNS - news - people ) has added its entire bill for ICI dues to the expenses fund investors' pay, and Fidelity Investments has added an undisclosed portion.

FORBES: Insult And Injury