From: Haburrus@aol.com [mailto:Haburrus@aol.com]
As a long-time investor in stocks, I whole-heartedly endorse any regulations to add independent investor recommendations for directors on company boards and, much more should be done to benefit the stockholders, not the insiders and their sidekicks (board members) who, for too long, have forgotten what their true role is vis-a-vis stockholders. The present system is broken and, for a so-called "free market system" to operate, as antiquated as the horse and buggy. Robber Barons are alive and well as witness: Tyco, Enron, Worldcom, etc.
As for the mutual fund industry miscreants, any directors, officers, managers,etc. should be brought up on criminal charges who are proven to be engaged in or condoning unlawful practices detrimental to stockholders. It has always been well understood what is right/wrong in the mutual fund industry - no mystery, no complexities that might be present in an individual corporation - u do NOT give/allow/condone illegal trading. Those that do, or have done it, should DO THE TIME. haburrus