Scott Maclise is a mutual fund wholesaler's dream. Maclise, of LPL Financial in San Rafael, Calif., writes $4 million worth of fund sales each year. Eager to curry favor, fund wholesalers have offered Maclise sun...
It's common knowledge that mutual fund shareholders lost money in the late-trading and market-timing shenanigans that have recently consumed the fund industry. But shareholders have been losing many times more money...
