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.

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.

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.

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.

Sometimes you have to pull the trigger, ... Sometimes it's best to sell it and not be trapped by inertia.

The SEC has a fairly ambitious agenda. It seems like they have taken on a more shareholder-friendly view.