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American Bankers Association Comment Letter to SEC on Possible 4 p.m. Deadline for Fund Orders (PDF)
American Bankers Association
Nov. 13, 2003
5 pages. Excerpt: We are concerned ... that the regulatory solutions suggested to date ... ignore the operational complexities and other problems associated with these proposed changes, particularly as they impact the retirement savings of millions of 401(k) plan participants. We believe there are alternative solutions that can satisfy the need to curb late trading, while, at the same time, minimize problems associated with some of these suggested solutions.
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