ICI Responds to Hearing on Excessive Speculation

By Stephanie Ortbals-Tibbs

November 03, 2011

ICI issued the following statement in response to today’s hearing, “Excessive Speculation and Compliance with the Dodd-Frank Act,” before the Senate’s Permanent Subcommittee on Investigations.

Investors depend on mutual funds and exchange-traded funds (ETFs) as a low-cost, highly regulated tool for building diversified portfolios to achieve their most important financial goals. Funds that offer their investors some degree of commodities exposure do so in accordance with the existing rules of the SEC and CFTC, and with the specific permission of the IRS. Unfortunately, today’s hearing overlooked virtually all of this. ICI and its members will continue to work with Congress and regulators to ensure that all fund regulation remains strong, sensible, and focused on protecting fund shareholders.

For more from ICI on funds, commodities, and investor protections, see the following links:

Stephanie Ortbals-Tibbs is a Director for Media Relations at ICI.