Fund Group Pushes New Disclosures
By: The Wall Street Journal (Feb 2004)
The Wall Street Journal's "Fund group pushes new disclosures" quotes Dr. O'Neal, saying "Surprisingly, commission levels do not appear in most fund prospectuses and therefore most investors are completely unaware of the magnitude of these costs of trading."
Can the Muni Market Be Made Safe for Investors?
By: Joe Mysak, Bloomberg News (Feb 2004)
Joe Mysak's column "Can the Muni Market Be Made Safe for Investors?" for Bloomberg News reviews Dr. Piwowar's research on trading costs in the municipal bond market.
Muni Bonds Can Cost More to Trade than Stocks
By: The Wall Street Journal (Feb 2004)
The Wall Street Journal's "Muni Bonds Can Cost More to Trade than Stocks" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market.
Pricey Municipal Bonds
By: The San Francisco Chronicle (Feb 2004)
The San Francisco Chronicle's "Pricey Municipal Bonds" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market and features the finding that complex bonds (bonds with a lot of "bells and whistles") are more expensive to trade than simple bonds.
Muni Trading Costs High
By: Bond Buyer (Feb 2004)
Bond Buyer's "Muni Trading Costs High" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market.
Study finds large mutual funds have undisclosed trading costs
By: The Boston Globe (Jan 2004)
The Boston Globe's "Study finds large mutual funds have undisclosed trading costs" quotes Dr. O'Neal, saying "the true or total cost of investing in mutual funds is substantially higher than is disclosed by the expense ratio."
Massachusetts Financial in Talks to Settle Fund Probes
By: The Los Angeles Times (Jan 2004)
The Los Angeles Times' "Massachusetts Financial in Talks to Settle Fund Probes" cites study by Dr. O'Neal that shows fund trading costs are substantial in certain fund families.
Damage Theories Under State Law for Securities Violations by Brokers in Arbitration
By: Craig McCann (Oct 2003)
Dr. McCann presents "Damage Theories Under State Law for Securities Violations by Brokers in Arbitration" to the Houston Bar Association.
Morgan Stanley is sued on 'Break Points'
By: The Wall Street Journal (Mar 2003)
The Wall Street Journal's "Morgan Stanley is sued on 'Break Points'." Suit draws extensively on research published by Dr. O'Neal on multiple share class mutual funds.
