Oversight Hearing on Mutual Funds: Hidden Fees, Misgovernance and Other Practices that Harm Investors

Date: January 27, 2004

Time: 10:00am

Location:

Agenda:

The purpose of this hearing is to examine the fee structure of mutual funds that may lead to conflicts of interest, mislabeled costs and other practices in the industry that may be harmful to investors.

Witnesses

Panel 1

Eliot L.

Spitzer

Attorney General

Office of the New York State Attorney General

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Panel 2

Peter

Scannell

Weymouth Landing, Massachusetts

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Panel 2

James

Nesfield

Nesfield Capital

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Panel 3

John C.

Bogle

Founder and Former CEO

The Vanguard Group

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Panel 3

Jeffrey C.

Keil

Vice President

Board Analysis Services, Lipper, Inc.

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Panel 3

Travis B.

Plunkett

Legislative Director

Consumer Federation of America

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Panel 3

Paul S.

Stevens

Partner, Dechert LLP

On Behalf of the Investment Company Institute

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Panel 3

Marc E.

Lackritz

President

Securities Industry Association

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Panel 3

John P.

Freeman

Professor of Legal and Business Ethics

University of South Carolina

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