For the most part, I think it's a good thing. I think funds should report every month. Some fund companies haven't taken advantage of technology to report information.

The SEC is clearly staking out some valuable turf in terms of requiring that fund companies give truly accurate representations of their funds in ads.

If it's a good fund it's still worthwhile. Hopefully, it's [a] long-term [account] and you're not saving to buy a car with it.

It was a tough quarter, but a lot of funds are still up for the year. A little sobriety never hurts.

If someone has the guts to stick it out (in a loser fund), you shouldn't punish them. You should take care of your shareholders. That way you're practicing what you're preaching.

It's the flavor of the month. It's an overly narrow, gimmicky thing.