Paul Schott Stevens

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  New Hire Roundup: Aberdeen Adds NYC Office

  By Marlene Y. Satter, AdvisorOne  |  October 17, 2012

  This week in new hires, MFS Investment Management welcomed Philip Stewart and promoted David Bryant; Leslie Voth was named CEO at Pitcairn; and Michael Millman joined U.S. Bank’s Private Client Reserve in San Francisco.

• A Securities Transaction Tax Will Hurt Advisors and Clients

  By Dale Brown, Financial Services Institute  |  October 4, 2012

  Yes, limiting market volatility and increasing government revenue are worthy goals, but legislation imposing a securities transaction tax is the wrong way to reach those goals.

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  SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’

  By Melanie Waddell, AdvisorOne  |  June 21, 2012

  SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.

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  ICI Opposes SEC’s Attempt to Rein In Money-Market Funds

  By Melanie Waddell, AdvisorOne  |  May 9, 2012

  Paul Schott Stevens, president and CEO of the ICI, pointed out two initiatives the ICI is fighting: the SEC’s further attempts to rein in money-market funds, and the CFTC’s amendments to a commodities rule.

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  SEC’s Schapiro in Dust-Up Over Money Market Conference

  By John Sullivan, AdvisorOne  |  March 7, 2012

  The refusal by the agency's chairman to attend a major money market industry conference in Orlando next week is raising concerns that the coming proposal will be sweeping and severe.

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  SEC’s Money Market Rule Changes Assailed by Fund Companies

  By Gil Weinreich, AdvisorOne  |  February 7, 2012

  ICI’s Paul Schott Stevens warns agency ‘hat trick’ will jeopardize investors, businesses, governments and the economic recovery.

• Law That Simplifies Mutual Fund Tax Rules Praised by ICI

  By Melanie Waddell, AdvisorOne  |  January 11, 2011

  Two days before Christmas, President Obama signed into law The Regulated Investment Company Modernization Act of 2010, which updates and simplifies several mutual fund tax rules.

• Contrary Positions at ICI Meeting Over Impact of Fiduciary Standard on Mutual Fund Industry

  By Melanie Waddell, AdvisorOne  |  May 6, 2010

  Some mutual fund execs say broad fiduciary mandate would 'damage' the industry

• Financial planning experts testify on Obama Administration's reform proposals

  By Staff Writer  |  July 17, 2009

  Financial industry experts testified Friday before the House Financial Services Committee and provided comment on the Obama Administration's proposed financial regulatory reforms. Among other noted speakers,...

• ICI: Drafted House 401(k) bill sets "dangerous precedent"

  By Staff Writer  |  June 26, 2009

  Investment Company Institute (ICI) President and CEO Paul Schott Stevens chided the House Education and Labor Committee's approval this week of a bill requiring full...