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You Can’t Have a “Free-for-All”

You Can’t Have a “Free-for-All”

by Toby Lucich on June 30, 2005

Soft-spoken he may be, but there was nothing quiet about the way William H. Donaldson left the Securities & Exchange Commission. On June 29, one day before his planned retirement, the 74-year-old Wall Street veteran pushed through a controversial mutual-fund rule — acting just a week after a federal appeals court said the agency hadn’t adequately considered the rule’s costs or alternatives.

You Can’t Have a “Free-for-All”

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