ICI wants SEC to go both ways, more or less. (Meetings, Conventions & Hearings).

Investment News, May, 2002 by Gabriel, Frederick P., Jr.

The head of the mutual fund industry's largest trade group called on the Securities and Exchange Commission Thursday to require both more and less disclosure by fund companies. Matthew Fink, president of the Investment Company Institute, praised regulators for recently proposing changes to fund-performance advertising rules that would require fund companies to use more up-to-date data in their ads.

"The same successful logic should next be applied to shareholder reports," he said. At the same time, Mr. Fink also repeated the ICI's position that the SEC should abandon a rule that requires fund companies to disclose equity holdings. Fund companies must ifie a list of their holdings with the SEC on a quarterly basis. EASILY AVAILABLE ...

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