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Transcript: REVIEW OF CURRENT INVESTIGATIONS AND REGULATORY ACTIONS:CARL LEVIN REGARDING THE MUTUAL FUND INDUSTRY: FUND COSTS AND DISTRIBUTION
- Article from:
- Congressional Testimony
- Article date:
- March 31, 2004
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Congressional Testimony
03-31-2004
Statement of CARL LEVIN Senator SENATE BANKING, HOUSING AND URBAN AFFAIRS
Review of Current Investigations and Regulatory Actions Regarding the Mutual
Fund Industry: Fund Costs and Distribution Practices March 31, 2004 Chairman
Shelby, Ranking Member Sarbanes, other members of the Banking Committee,
thank you for inviting us here today to testify about what needs to be
done to tackle the abuses associated with the recent mutual fund scandals.
Your series of hearings shows the same thoughtfulness and thoroughness
that this Committee displayed in response to the corporate scandals of
2002, and, I hope, will also result in sensible and meaningful reforms
this year. ...