Skip to main content


January 4, 2013

A Judge Isn't Fooled by the ICI's "Crocodile Tears"

Sometimes even the Investment Company Institute (ICI) loses a case to the regulators.

Yesterday, a U.S. district court threw out a challenge from the ICI and the U.S. Chamber of Commerce to a rule that would require mutual funds that trade in commodity futures to register as “commodity pool operators” with the Commodities Futures Trading Commission (CFTC). In a 93-page opinion, Judge Beryl A. Howell of the U.S. District Court for Washing, D.C., dismissed the ICI’s claims that the CFTC had been “arbitrary and capricious” in enacting the rule and had done so without the cost-benefit analysis the law requires.”


Read full Mutual Fund Wire article here

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today