On April 17th the organisation sued the Commodity Futures Trading Commission over its mutual-fund rules.

ECONOMIST: Corporate lobbying

But think for a moment about one of the most fundamental rules of mutual fund investing: The past is not prologue.

FORBES: About John "Jack" Bogle

Before the new rules a mutual fund or hedge fund that wanted to dump 100, 000 shares of Microsoft quickly could, for example, bypass the New York Stock Exchange and sell them all at once on a different exchange if it saw an open order to buy 100, 000 shares--even if the offer price on the NYSE was a nickel higher.

FORBES: Magazine Article

Before the new rules a mutual fund or hedge fund that wanted to dump 100, 000 shares of Microsoft (nasdaq: MSFT - news - people ) quickly could, for example, bypass the New York Stock Exchange and sell them all at once on a different exchange if it saw an open order to buy 100, 000 shares--even if the offer price on the NYSE was a nickel higher.

FORBES: Swinging At Nasdaq

The Labor Department's long-awaited rules will require that mutual-fund firms and other 401(k) administrators disclose to employers details about the fees they are charging to run the plans.

WSJ: 401(k) Plans Step Into the Sunshine

Similarly, new rules drawn up after the mutual-fund scandals have been a mixed blessing.

ECONOMIST: American securities regulation