Fitzgerald Cheers SEC for Rules Protecting Investors

Soon to retire Sen. Peter Fitzgerald (R-Ill.) recently applauded the efforts of federal securities regulators for their continuing efforts to enact a series of mutual fund reforms that benefit individual investors.

In recent months, the Securities and Exchange Commission has put forth a spate of new rulemakings designed to address inherent flaws in the structure of the $7.5 trillion mutual fund industry, including 17 related to issues outlined in Fitzgerald's Mutual Fund Reform Act of 2004, introduced last February.

"Although many of them don't know it yet, investors in America gained billions of dollars in 2004 because of the smart, tough-minded approach Chairman William Donaldson and the Commission have taken to the problems in the mutual fund industry," Fitzgerald said. "The extra transparency willcylinders, flows radially outwardly and slantwise from a trailing side towards a leading side, or forwardly, with respect to the direction of rotation of the cooling fan assembly, one of the two engine cylinders, which is positioned on the leading side with respect to the direction of rotation, tends to be cooled with an insufficient amount of cooling air although the other of the two engine cylinders, which is positioned on the trailing side with respect to the direction of rotation of the cooling fan assembly is cooled sufficiently. This leads to a difference in temperature between the two engine cylinders, which in turn results in a difference in combustion condition occurring in those two engine cylinders, and, therefore, disadvantages and inconveniences tend to occur in connection with