ORAL STATEMENT OF MATTHEW P. FINK, PRESIDENT, INVESTMENT COMPANY INSTITUTE BEFORE THE TELECOMMUNICATIONS AND FINANCE SUBCOMMITTEE OF THE COMMITTEE OF ENERGY AND COMMERCE, U.S. HOUSE OF REPRESENTATIVES ON THE MUTUAL FUND INDUSTRY, July 22, 1993
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"In the words of former SEC chairman Ray Garrett, Jr., 'No issuer of securities is subject to more detailed regulation than mutual funds.'"

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