Synopses & Reviews
Synopsis
Excerpt from Mutual Fund Industry (Part 2): Hearings Before the Subcommittee on Telecommunications and Finance of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, First Session, July 22 and August 5, 1993
Today the subcommittee will address a number of issues of im portance to more than one out of four American families that have invested part of their future in one of the Nation's mutual funds. The two reports submitted to the subcommittee today by the sec, one addressing mutual fund investments in derivatives, the other addressing personal trading practices by portfolio managers, confirm that these are complex and far-reaching issues.
The reports also leave no doubt that questions raised by these is sues need to be attended to promptly by the industry, by regulators at the Securities and Exchange Commission and among the various States, and in some cases by Congress.
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