When Congress passed the Investment Company Act of 1940--under which the Securities and Exchange Commission regulates mutual funds and other investment companies--mutual funds were a rarity, the industry was a fraction of its current size, and most investment companies were managed by corporate boards instead of outside investment advisers. Today, however, the mutual fund industry manages over $9 trillion in assets spread across nearly 8,000 funds. It would not be surprising, then, to discover that a law passed sixty-five years ago is now out of date, and that the 92 million individual investors in mutual funds and other investment companies are paying the price for outdated regulation.
Over the course of this study, Wallison and Litan hosted a series of eleven conferences dealing with various economic and regulatory issues surrounding the mutual fund industry. Panelists and other particpants included current and former SEC officials, economists, fund managers and directors, lawyers, industry analysts, and experts in the regulation of collective investment vehicles in other countries. Some of the questions addressed include:
UPCOMING EVENTS
There are no Upcoming Events scheduled for this series
PAST EVENTS
Is There a Better Way to Regulate Mutual Funds?
Monday, April 9, 2007
12:00 PM - 02:00 PM
This is the final event in a continuing series on mutual fund regulation entitled “Is There a Better Way to Regulate Mutual Funds?”
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The Regulation and Structure of Collective Investment Vehicles outside the United States
Thursday, May 18, 2006
09:30 AM - 11:30 AM
This conference looks at non-U.S. collective investment structures and how they address such issues as conflicts of interest in the governance of collective investment vehicles.
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The Regulation and Structure of Collective Investment Vehicles outside the United States
Thursday, May 18, 2006
09:30 AM - 11:30 AM
This conference looks at non-U.S. collective investment structures and how they address such issues as conflicts of interest in the governance of collective investment vehicles.
The Bogle Critique of the Mutual Fund Industry
Tuesday, May 9, 2006
09:30 AM - 11:30 AM
Bogle, a mutual fund pioneer, has written several books arguing that the costs imposed by fund managers are excessive, reducing the yield that investors should expect from their mutual fund investments.
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Competition for Mutual Funds from New Collective Investment Vehicles
Wednesday, April 26, 2006
02:00 PM - 04:00 PM
This conference will discuss the advantages and disadvantages of competing modes of investment in relation to mutual funds.
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An Economist's View of Mutual Fund Regulation
Friday, April 14, 2006
02:00 PM - 04:00 PM
Does it make sense to apply all the rules of corporate directors’ fiduciary duties to the simple relationship between an investor and an investment adviser?
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The Economics of the Mutual Fund Industry
Wednesday, March 15, 2006
02:00 PM - 04:00 PM
This conference discusses the economic or regulatory forces that are driving the acquisitions, dispositions, entries, and exits that characterize the mutual fund industry today.
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Former SEC Division Directors Give Their Views on Regulatory Reform
Tuesday, February 28, 2006
09:30 AM - 11:30 AM
Four former directors of the SEC’s Division of Investment Management will share their unique perspectives on the current regulatory structure and discuss whether reforms are needed.
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The Regulation of Mutual Funds
Tuesday, January 3, 2006
02:00 PM - 04:00 PM
An event on the competition that mutual funds face from defined contribution plans and 401(k) investments.
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The Regulation of Commodity Pools by the Commodity Futures Trading Commission
Tuesday, December 13, 2005
09:00 AM - 11:00 AM
This is the third conference in a series that will explore possible changes in the regulation of mutual funds.
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Is There a Better Way to Regulate Mutual Funds?
Monday, October 24, 2005
09:30 AM - 11:15 AM
This is the second in a series of conferences to explore the regulation of mutual funds.
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Is There a Better Way to Regulate Mutual Funds?
Monday, September 26, 2005
02:00 PM - 04:00 PM
At the end of 2004, the investment company industry had over $8 trillion under management.
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Full-length video | Transcript
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