“Our Commitment to Advancing the Interests of Investors” 54th Annual General Membership Meeting Paul Schott Stevens President and CEO Investment Company Institute May 9, 2012 Marriott Wardman Park Hotel Washington, DC As prepared for delivery. Thank you, Mellody. We all owe a huge...
Mutual Fund Independent Directors and Trustees Express Concern About Further Money Market Fund Regulation Washington, DC, May 2, 2012 - Two groups representing mutual fund independent directors and trustees are joining together to voice their shared concerns about the potential...
We are seeing a troubling development in Washington. In high-profile areas such as money market funds and anti–money laundering measures, regulators continue to pursue rules premised on the notion that mutual funds know or can obtain detailed information on each of their underlying...
Thanks to mutual funds’ structure and regulation, fund investors enjoy a number of protections. One among them is that advisers to funds, as well as directors on fund boards, have fiduciary duties. This means they have a fundamental, legal obligation to act in the best interests of...
ICI, IDC Statement for Hearing on Accounting and Auditing Oversight: Pending Proposals and Emerging Issues Confronting Regulators Standard Setters and the Economy
Contrary to recent reporting by The Week (“401(k)s Are Failing Millions of Americans,” April 22, 2012), American workers both value their 401(k) retirement savings plans and are confident that 401(k)s will help them meet their retirement goals.
The Spark Institute and ICI Release New Version of Sample Glossary of Investment Terms for Retirement Plan Participant Disclosure Washington, DC, April 26, 2012 - The SPARK Institute and the Investment Company Institute today released a new version of the “Sample Glossary of...
