The Decade's 10 Worst Fund Disasters

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Congressional inaction

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(Charlie Archambault for USN&WR)

Over the past decade, Congress has repeatedly failed to reform mutual funds’ tax structure and ban the mandatory arbitration clauses that have long left investors without adequate legal recourse against their funds. As a result, while fund managers certainly bear the brunt of the responsibility for the decade’s failures, lawmakers have earned at least a portion of the blame.

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