ICI Supports Proposal Regarding Sale of 529 Plan Securities Through Employers

Washington, DC, January 10, 2003 - The Institute supports a Municipal Securities Rulemaking Board (MSRB) proposal that addresses the offer and sale of 529 plan securities through employer payroll deduction programs. In a recent comment letter, the Institute notes that the sale of 529 plan securities through employers is growing in popularity, and that the MSRB proposal helps to ensure that investors are provided all information necessary and are dealt with fairly.