The Facts Missing From a Wall Street Journal Column on Money Market Funds ICI senior director, Public Communications, comments on an article in the Wall Street Journal published October 18, 2011: Your column, “ Hidden Dangers Lurking in Money Market Funds” misses a few key facts. Let...
Message from IDC Chair Dorothy Berry on Court’s Decision to Strike Down SEC’s Proxy Access Rule On July 22, the United States Court of Appeals for the District of Columbia Circuit vacated the proxy access rule adopted by the Securities and Exchange Commission (SEC) last year. The...
Numbers Show the Success of Automatic Enrollment Paul Schott Stevens, president and CEO of the Investment Company Institute, submitted the following letter to the editor of the Wall Street Journal: A July 7 story in the Wall Street Journal makes the assertion that a recently-enacted...
Wall Street Journal Editorial Gets It Wrong Again on Money Market Funds The Wall Street Journal posted another misleading editorial on money market funds. ICI President and CEO Paul Schott Stevens has submitted a letter to the editor in print and online to respond. Following is the...
Opinion - The Ever-Evolving Process of Risk Oversight By: Dorothy A. Berry As published in BoardIQ on May 10, 2011 Guest columnist Dorothy A. Berry is chair of the Independent Directors Council. Berry is an independent director of PNC Funds and independent chair of Professionally...
Wall Street Journal Editorial Ignores "Economic Disruption" of Floating the Value of Money Market Funds In response to the Wall Street Journal's lead editorial, ICI President and CEO Paul Schott Stevens submitted a letter to the editor in print and online. Following is the text of his...
Don't Mess with Money Market Funds By Paul Schott Stevens (as published in Investment News on January 23, 2011) Money market funds have served as a low-cost, efficient cash management tool prized by all types of investors since 1983. Key to this success has been these funds' stable...
ICI Response to Kauffman Foundation Paper, “Choking the Recovery: Why New Growth Companies Aren’t Going Public and Unrecognized Risks of Future Market Disruptions” There’s much to think about in the recent paper from the Kauffman Foundation. The authors, who have vast knowledge of and...
