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How the Mutual Fund Industry Manipulated Washington
BusinessWeek 
[Opinion] Dec. 9, 2003 Excerpt: [T]he [Investment Company Institute, or ICI] has built its clout by claiming to speak for millions of shareholders with their 401(k)s, college funds, and personal savings.... But in reality, the ICI represents the companies that create, run, and sell funds. When the interests of fund managers and fund investors have clashed, the ICI has almost invariably sided with the managers.... A humbled SEC has been shocked into action. MORE >> |
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