Reeling from the series of scandals associated with breakpoints, market timing, and late trading, the mutual fund industry is in desperate need of something to instill new trust and revitalize the market. The question is whether proposed "fixes" are detrimental to both the industry and its investors. This TowerGroup ViewPoint examines the current state of the mutual fund scandals and their potential impact on the industry and its shareholders. It also highlights some alternatives to current proposed regulations.