ast week's potential class-action suit brought by Falls & Veach
against Morgan Stanley
has indirectly highlighted academic research that may be of interest to fund firms. The suit relied on work performed by an assistant professor of finance at Wake Forest.
That analysis forms the basis of the academic argument on how the commission structure of funds may harm investors. The author of the analysis is Edward O'Neal
. Among his published work is a study on fund commissions and incentives in the Journal of Finance in 1999. Look it up.
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