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Mutual funds central to ICI CEO’s career, concerns

Paul Schott Stevens says his association’s reputation as an ‘honest broker’ for industry research is a cornerstone of its credibility Paul Schott Stevens has a theory: “Careers are made by accident.” He said nothing connects his youth in suburban New Orleans to his current position as president and CEO of the Investment Company Institute. “But I came here to Washington in the fall of 1978 and I joined a very small law firm that happened to have a mutual fund organization for one of its clients.” An early assignment involved a Securities and Exchange Commission proceeding on the creation of money market funds. “It set me off on a course where mutual funds and this… Read More