DOL Releases Final Fiduciary Investment Advice Package The Department of Labor released its final fiduciary investment advice package this week. The package includes an amendment to the regulation defining who is a “fiduciary” under ERISA and the Internal Revenue Code as a result of...
ICI President and CEO Eric J. Pan today wrote to the Federal Deposit Insurance Corporation (FDIC) Board after recent statements questioning the level of investment in individual banking organizations by regulated funds and the announcement that the FDIC Board will meet to discuss...
April 23, 2024—ICI President and CEO Eric Pan released a statement after the Department of Labor (DOL) released the final rule to amend the regulatory definition of “investment advice fiduciary” under the Employee Retirement Income Security Act (ERISA).
ICI and ICI Global submitted a letter to the US Department of Justice on its advance notice of proposed rulemaking, which seeks comment regarding the contemplated establishment of a program that would prohibit or restrict the transfer of US Government-related data or bulk US sensitive...
From paying bills to ordering pizza, most people reach for an electronic device when they need information or want to make a transaction. Very few people use a telephone book. We check email much more frequently than the mailbox. And chances are, you aren’t reading a paper copy of...
Mutual funds and other registered investment funds direct trillions of dollars to their highest use, with investments that help turn breakthrough ideas into commercial successes and make thriving companies even better. In doing so, these funds play a crucial role in America’s economic...
