Purpose and Services
This page was last updated on Mar. 25 , 2005.
About Fund Democracy
Fund Democracy is a 501(c)(3) nonprofit membership organization funded solely by public contributions. It was founded by Mercer Bullard to serve as an information resource for mutual fund shareholders and an advocate for shareholders' rights and interests.
An annual membership in Fund Democracy is $25. You can make additional contributions in any amount.
If you wish to make a contribution to Fund Democracy, please send it with your name, mailing address and email address to Fund Democracy, 300 Country Club Road, Oxford, MS 38655. When Fund Democracy receives your contribution, it will send you an email acknowledgment of your contribution for your tax records.
Contributions to Fund Democracy are used solely to pay Fund Democracy's out-of-pocket expenses, such as web hosting, mailing, and other direct expenses. Fund Democracy has no paid employees and pays no salaries to its directors, officers or any other employees. Mr. Bullard receives no compensation from Fund Democracy or any financial benefit other than the reimbursement of actual out-of-pocket expenses incurred in connection with Fund Democracy business.
Mr. Bullard is an Assistant Professor at the University of Mississippi School of Law, where he teaches courses on securities and financial institutions regulation.
Mr. Bullard worked at the SEC from 1996 to January 2000, where his last position was Assistant Chief Counsel in the SEC's Division of Investment Management. While at the SEC, Mr. Bullard was responsible for a wide range of matters involving mutual funds and investment advisers.
From 1991 to 1996, Mr. Bullard was an attorney in the investment management practice of Wilmer, Cutler & Pickering, a Washington DC law firm. He joined Wilmer, Cutler after clerking for Judge Will Garwood, U.S. Court of Appeals, Fifth Circuit.
Mr. Bullard has a J.D. from the University of Virginia School of Law, where he was an Articles Editor of the Virginia Law Review. He is also a member of the Order of the Coif. Mr. Bullard has an M.A. from Georgetown University, Washington, DC, and a B.A. from Yale College, New Haven, Connecticut.
Mr. Bullard's only investments are in Vanguard, TIAA-CREF and Torray mutual funds. He periodically acts as a consultant or expert witness in connection with plaintiffs' securities litigation.
Articles about Fund Democracy:
Matt Andrejczak, Fund Crusader: Bullard Confronts an Industry -- and Its Regulators, CBS. Marketwatch (Jan. 22, 2004)
The Mutual Fund Scandal, 25 Bottom Line Personal 3 (Q&A with Mercer Bullard) (Jan. 15, 2004)