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
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.
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