Harris Associates began when a group of investors claimed Oakmark mutual funds were charging them excessive fees.
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Then if investors file a lawsuit alleging excessive fees, the fund companies usually settle on secret terms.
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Hazard: Consumer will likely incur excessive fees and poor performance resulting in injury to their financial well-being.
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The fiduciary standard implies that rules and regulations will guard against fraud, bad investment advice, or excessive fees.
Because it allows them to collect undisclosed and excessive fees for certain services.
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Further, some pensions are demanding managers return excessive fees paid in the past.
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Conflict of interest ridden financial advisers, unethical money managers and brokerage schemes are commonplace, as are irrational and excessive fees.
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Most are rife with conflicts of interest, excessive fees, poor-performing investment options and other deficiencies that, unfortunately, are difficult for employees to ferret-out.
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Mr Morris argues that private-equity managers have charged excessive fees and overstated returns by using misleading measures of their internal rate of return.
You might think that suits filed over excessive fees would be class actions, which would require a public disclosure of outcomes and lawyer fees.
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One can view this capping of revenue sharing as a counter-offensive to the Spitzer-led assault on mutual fund excessive fees that began the previous year.
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We are not convinced that managers who charge excessive fees and even disclose to clients that their fees are higher-than-necessary, are free of litigation risk.
But even there, judges will have room to question contracts that are too one-sided, eliminating punitive damages or penalties available under state law, or excessive fees.
The investor rights crowd is claiming victory after a unanimous U.S. Supreme Court decision this morning in a case that targets excessive fees in the mutual fund industry.
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Siedle: Recently there have been a number of lawsuits filed against 401k plan sponsors alleging excessive fees and a failure on the part of sponsors to monitor and disclose fees.
The FTC says Countrywide charged homeowners who were in default excessive fees for services like lawn mowing, property inspections and other services that were meant to protect the value of the property in default.
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The author went on to ask the State regulators to allow the cruise ships to connect to sources of shore-side power without paying debatably excessive fees to the local utility, Consolidated Edison Company of New York, to do so.
For excessive fees, they offered underwater borrowers the false hope they could somehow keep their homes without paying for them, either by challenging the foreclosure paperwork or convincing a judge that the national registry system known as MERS was not the legitimate party to foreclose.
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In a harshly worded 20-page memo reported today by the New York Times, Johnson accused Weitz and Shore of charging excessive fees, practicing shoddy law, and possibly concocting the mysterious Mr. Costello, who repeatedly failed to show up in court to prosecute his own lawsuit.
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Therefore, if bundling has not been cost saving but has, in fact, been a device conceived by global custodial banks to enhance their profits though hidden and excessive fees, self-dealing and other forms of wrongdoing, then taxpayers, as well as participants in the plans, have paid the price.
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That is, mutual fund companies have been charging investors excessive money management fees so they could enter into revenue sharing arrangements with brokerages and excessive brokerage fees so they could direct portfolio trades to brokerages that assisted in marketing the funds.
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Fed up with excessive bank fees, Los Angeles art gallery owner, Kristen Christian, named November 5 Bank Transfer Day to inspire those angry at the big banks to move their money to smaller banks and credit unions.
Savvy investors should look at fund expenses, historical portfolio turnover and sector weightings to before deciding if their manager has a chance at beating the market after taxes or is really just a closet indexer charging excessive management fees.
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Expenses are paid regardless of how the fund performs and can drag down performance if fees are excessive, so it is important to consider fees in your investing decisions.
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Do-Nothing Boards of Directors of mutual funds that summarily approve excessive investment advisory fees.
"The overuse of cost-plus contracts, high contractor overhead expenses, excessive contractor award fees, and unacceptable program and project delays all contributed to a significant waste of taxpayers' dollars, " the report said.
Investment performance suffers, fees are excessive and all kinds of abuses creep into the investment process.
The best managers are not selected, performance suffers, commissions and money management fees are excessive.
That's why unions are also pushing for excessive wage minimums and fees for guest workers.
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