News Release Content

 ICI Supports SEC Proposal on Codes of Ethics for Investment Advisers Letter Continues ICI Call for Reforms that Will Benefit Investors Washington, DC, March 15, 2004 - The Institute today submitted its comments on an SEC proposal to bolster investment adviser codes of ethics. The SEC...

ICI Elects Paul Schott Stevens President Washington, DC, March 11, 2004 - At a special meeting yesterday, the Investment Company Institute’s Board of Governors elected Paul Schott Stevens to succeed Matthew P. Fink as President of the Institute. Mr. Stevens, currently a partner at the...

ICI Supports Efforts to Reinforce Fund Director Independence Letter Endorses Many SEC Governance Initiatives, But Suggests Independent Chair Requirement Unlikely to Produce Desired Benefits  Washington, DC, March 10, 2004 - The Investment Company Institute today submitted its comments...

ICI Promotes Government Affairs Officers Sackett and Kemps Washington, DC, March 5, 2004 - The Investment Company Institute is pleased to announce the promotions of Dean R. Sackett III and David W. Kemps. Sackett has been named Government Affairs Officer, Financial Services Policy and...

ICI Strongly Supports SEC’s Mandatory Redemption Fee Proposal Washington, DC, February 25, 2004 – Investment Company Institute President Matthew P. Fink issued the following statement regarding today’s SEC action: “The SEC’s proposal to mandate a two percent redemption fee on short...

ICI Supports SEC Reexaminination of “Trade-Through Rule” Proposals to Enhance, Modernize National Market System Welcomed Washington, February 24, 2004 - The Investment Company Institute today expressed support for the Securities and Exchange Commission as it issued important new...

ICI Proposes to “Greatly Enhance Disclosure of Transaction Cost Information to Mutual Fund Investors” “Multiple Improvements” to Disclosure Requirements Proposed in Response to SEC Washington, DC, February 23, 2004 - Investment Company Institute President Matthew Fink said today that...

ICI Economist Reports that “Total Shareholder Cost” of Investing in Stock Mutual Funds Has Declined 45 Percent Since 1980 Report Tackles “Multiple Misconceptions” About Mutual Fund Fees; Finds Investor Preference for Lower Cost Funds Continuing Washington, D.C., February 18, 2004 -...

ICI President Commends SEC For Proposing To Eliminate Directed Brokerage Looks Forward to Commenting on Rule 12b-1 Washington, DC, February 11, 2004 - Investment Company Institute President Matthew P. Fink today said “the SEC’s directed brokerage proposal is a welcome development and...

ICI Says New SEC Mutual Fund Fee Disclosures Will Be a “Substantial Help to Millions of Investors” Washington, D.C., February 11, 2004 - Investment Company Institute President Matthew P. Fink expressed strong support for the SEC’s action today to improve the quality and usefulness of...