(Reuters) - Following are excerpts from Donohue's written testimony to
the Senate Finance Committee:
Congress enacted the Investment Company Act to provide a
separate and different regulatory structure for investment
companies, as compared to industrial, or operating, companies.
Among the Congress's stated goals was to minimize the risk that
an investment company might be managed in the interests of its
managers or certain shareholders rather than for the benefit of
all shareholders.
Read more at Reuters.com Government Filings News
the Senate Finance Committee:
Congress enacted the Investment Company Act to provide a
separate and different regulatory structure for investment
companies, as compared to industrial, or operating, companies.
Among the Congress's stated goals was to minimize the risk that
an investment company might be managed in the interests of its
managers or certain shareholders rather than for the benefit of
all shareholders.
Read more at Reuters.com Government Filings News
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