MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 22, 2009 ICI Chief Calls for a Comprehensive Point-of-Sale Disclosure Plan The ICI will fight an Obama regulatory proposal on point-of-sale disclosure if it singles out mutual funds. "We certainly want to work with the Securities and Exchange Commission and with the Financial Industry Regulatory Authority to create a sensible comprehensive point-of-sale disclosure regime," ICI president Paul Schott Stevens was quoted in a Dow Jones article as saying. "But we will strongly be opposed to singling out mutual funds among all financial products." "It's like putting a 'skull and cross bones' warning on mutual funds," Stevens said. It's not clear at this time whether the proposal will cover just mutual funds, or a broader array of products. Printed from: MFWire.com/story.asp?s=21863 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |