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Duke law journal
The implementation of section 22(d) of the Investment Company Act of 1940 has resulted in a form of retail price maintenance in the mutual fund industry. The justification for this anti-competitive situation has largely rested on the assumption that section 22(d) was intended to eliminate price discrimination as between general members of the purchasing public. In this article Messrs. Heffernan and Jorden carefully examine the legislative history of section 22(d) and conclude that the sectiondoi:10.2307/1371735 fatcat:sa4ksjq6lndo3hzclb22unaer4