Secular markets (WSJ)

Asset returns for the week ending 12/19/2008

Redemption doesn't mean you are off the hook ...

So it turns out that if you got your money out of an investment (say a fund) with or without profits, and it turns out to be a fraud, you will have to give some or all of it back (principal in addition to profits) to cover losses of fellow investors. So, it means that you are really never off the hook. Next time you are up for a victory dance, make sure your adviser/manager was legit.

For more details check WSJ.

Asset returns for the week ending 12/12/2008