History
Financial managers have provided accounting and finance services to mutual fund companies ever since the first U.S. mutual fund was formed in Boston in 1924. But the passage of the Sarbanes-Oxley Act in 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, and other laws have increased regulation of the mutual fund industry, and, consequently, heightened the need for chief financial officers and other financial managers with specialized knowledge of these laws.
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