Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ICI Joins Reform Chorus Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 08, 2002

ICI Joins Reform Chorus

by: Tony Pennino

The number of accounting and auditing scandals seems to be growing daily. Now, the Investment Company Institute (ICI) has added its voice to growing chorus calling for reform.

Matthew Fink, president of ICI, has written a letter to Senators Tom Daschle (D-SD), the majority leader, and Trent Lott (R-MS), the minority leader. In that letter, he asks the Senate to support reform legislation, particularly a bill now be reviewed by the Banking Committee.

"We believe it is important to focus on the overriding importance of reinforcing confidence in the financial reporting system for publicly held companies. Today, the need for middle-income families to save and invest is more important than ever. In the absence of a coherent legislative and regulatory response, revelations about shortcomings in the nationís financial reporting system could erode confidence in investing as a prudent means to achieve long-term savings and investing goals," Fink writes.

For the full text of the letter, follow this link

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use