Financial Services Industry
Industry: Email Alert RSS FeedNote to Cox: Rethink mutual funds.(Short Interests)
Investment News, September, 2005
Byline: Sara Hansard WASHINGTON - It is time for the entire structure of mutual fund regulation to be reviewed and updated. That was the advice given to Christopher Cox, the new Securities and Exchange Commission chairman, by a group of finance professors and securities lawyers who advise the American Enterprise Institute for Public Policy Research, a free-market-oriented think tank in Washington.
The institute's so-called Shadow Financial Regulatory Committee last week sent a letter to him making several suggestions about what items should be on his agenda. The letter noted that the mutual fund industry functions under a 65-year-old regulatory structure, which was created when most investment companies were closed end, mutual funds were a...
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