SEC’s Money Market Rule Changes Assailed by Fund Companies
ICI’s Paul Schott Stevens warns agency ‘hat trick’ will jeopardize investors, businesses, governments and the economic recovery.
Law That Simplifies Mutual Fund Tax Rules Praised by ICI
Two days before Christmas, President Obama signed into law The Regulated Investment Company Modernization Act of 2010, which updates and simplifies several mutual fund tax rules.
Contrary Positions at ICI Meeting Over Impact of Fiduciary Standard on Mutual Fund Industry
Some mutual fund execs say broad fiduciary mandate would 'damage' the industry
Financial planning experts testify on Obama Administration's reform proposals
Financial industry experts testified Friday before the House Financial Services Committee and provided comment on the Obama Administration's proposed financial regulatory reforms. Among other noted speakers,...
ICI: Drafted House 401(k) bill sets "dangerous precedent"
Investment Company Institute (ICI) President and CEO Paul Schott Stevens chided the House Education and Labor Committee's approval this week of a bill requiring full...
ICI Lays Out Reform Proposals
Investment Company Institute President and CEO Paul Schott Stevens, in testimony before the U.S. Senate Banking Committee, has outlined ICI's detailed proposal on how to...
ICI endorses money market fund reforms
A proposal to reform money market funds to make them "more resilient in the face of extreme market conditions" was unanimously endorsed by the Investment...
Workers stay committed to 401(k) system
Working Americans are still committed to the 401(k) system, says Investment Company Institute President and CEO Paul Schott Stevens. Updated data from October through the end...
ICI Shares Fund-Industry Wish List
The head of the fund-industry's advocacy group has outlined the regulatory reforms that most need Washington's attention. Here's the list, compiled by Paul Schott Stevens...
401(k) investors stay the course
Going forward in a rocky market, 401(k) investors say they are staying the course and won't change their retirement plan. "Workers want to keep the...