A look at mutual funds over the next 75 years

This year marks the 75th anniversary of the Investment Company Act of 1940, which established the regulatory framework for mutual funds and other registered funds in the United States. Because of the benefits mutual funds offer – such as diversification, affordability, professional management, and liquidity – they are important to consumers who are planning for college to retirement, and many goals in between. 

On June 15, the Economic Studies program at Brookings hosted an event featuring Commissioner Kara M. Stein of the U.S. Securities and Exchange Commission. She explored the evolution of registered investment funds, discussed the existing regulatory framework and potential areas for improvement, and provided her views on how to ensure the mutual fund industry continues to provide investors with appropriate investment opportunities in the future. After her remarks, Commissioner Stein participated in a moderated discussion with Douglas J. Elliott of the Brookings Institution.

Read Commissioner Stein’s prepared remarks.

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