The mutual fund industry's fight against regulation with the Commodities Future Trading Commission
gained another combatant this week.
The Mutual Fund Directors Forum
joined the ICI and other groups to oppose the idea, reported Melanie Waddell for AdvisorOne
The MFDF filed a "friend of court" brief supporting the suit brought by the ICI and the US Chamber of Commerce
, Waddell reported.
"It is still very unclear what, if any, benefits there will be to shareholders from having funds register with the CFTC," stated Susan Ferris Wyderko
, the MFDF's president and CEO.
For more details on the battle over mutual fund registration, check out the MFWire's archives here
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