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The fact that three quarters of all studies and nearly all studies evaluating pharmaceuticals that included a funding statement were industry-sponsored is concerning.
We recorded whether the trial had a funding statement and all funding sources (industry, government, or other public agency (including the World Health Organization), charity or foundation, and hospital or university).
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Among those studies that included a clear funding statement (n = 120) the fraction of industry-sponsored studies is very high (77%) and decreased only slightly (85% in 1990 1998 vs. 73% in studies published 1999 2004, p = 0.572).
Most trials were either publicly funded or had no funding statement; only 11% reported industry funding.
Second, the funding statement was false.
"It's the right time and the right decision," Mr. Grune said yesterday in a Wallace funds statement.
Many investors are unwilling to question glowing promises of double-digit returns or to read carefully the small print on a mutual fund statement.
Also look at internal portfolio transaction expenses, which are usually found in a fund's "statement of additional information," which most investors never read.
Information on brokerage costs can be found in a fund's Statement of Additional Information, which is filed annually to the S.E.C., and which investors can receive by request.
Today nearly everyone has come to think of money as abstract an entry on a money market fund statement, for example.
That is the course urged on it by the S.E.C. "Whatever the merits of creating categorical restrictions on primary liability for true secondary actors, such as an accountant, lawyer or bank," the S.E.C. argued, "such restrictions should not apply to those who are actually responsible for a fund's statements".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com