MEMBERS — UNITED STATES

Investment Company Institute

The Investment Company Institute (ICI) is the leading association representing regulated funds globally, including mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the United States, and similar funds offered to investors in jurisdictions worldwide. ICI seeks to encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds, their shareholders, directors, and advisers. As of October 1, 2019, ICI’s members managed total assets of US$23.4 trillion in the United States, serving more than 100 million US shareholders, and US$7.1 trillion in assets in other jurisdictions. ICI carries out its international work through ICI Global, with offices in London, Hong Kong, and Washington, DC.

The Institute engages in three core missions: encouraging adherence to high ethical standards by all industry participants; advancing the interests of funds, their shareholders, directors, and investment advisers; and promoting public understanding of mutual funds and other investment companies.

These three objectives are essential organizing principles for the many and varied activities in which the Institute participates on behalf of funds and their shareholders.

Encouraging high ethical standards by all industry participants has long been a core mission. When President Franklin Roosevelt signed the Investment Company Act into law in 1940, he commended industry supporters for their dedication to achieving higher standards of conduct in a securities industry recovering from the securities market scandals of the 1920s and 1930s. This same spirit that led to the enactment of the 1940 Act, and soon afterward, to formation of the association that became ICI, has consistently guided fund industry support for effective regulation and sound fiduciary practices.

ICI has worked to advance the interests of mutual funds, their shareholders, directors, and investment advisers throughout its history by pursuing and helping secure a variety of public policy objectives. Promoting the role of fund directors, participating in securities market initiatives, increasing tax-deferred savings opportunities and ensuring fair tax treatment for fund investors are just a few of the initiatives ICI has continually pursued on behalf of funds and their shareholders.

Promoting public understanding of mutual funds has long been an ICI core mission, and its public outreach has evolved as the mutual fund concept has become mainstream over the years. Today, ICI serves as a spokesman for funds and their shareholders before policymakers, opinion leaders, and the global media.


Regulatory Info


The Securities and Exchange Commission ("SEC" or "Commission") is the primary regulator of investment companies and investment advisers.

The primary law that governs investment companies is the Investment Company Act of 1940 (the "Investment Company Act; codified at 15 U.S.C. 80a-1 through 80a-64"). The SEC has adopted various regulations under the Investment Company Act that further govern investment company operations (published in Title 17 of the Code of Federal Regulations ("CFR"), Part 270).

Persons who manage the portfolios of registered investment companies must register with the Commission as investment advisers under the Investment Advisers Act of 1940 (the "Advisers Act"). The Advisers Act, codified at 15 U.S.C. 80b-1 through 80b-21), and regulations adopted by the Commission under the Investment Advisers Act, govern registered investment advisers (published in 17 CFR, Part 275).

Investment companies are also subject to other federal securities laws (e.g., the Securities Act of 1933 and the Securities Exchange Act of 1934) and the regulations adopted under these laws.


Association Members

 


Jennifer Choi
Chief Counsel
Tel: +1 202 326 5876
jennifer.choi@ici.org

 


Anna Driggs
Director and Associate Chief Counsel, Global Funds Policy
adriggs@ici.org

Assistant
Lesley Dunn
Tel: +44 7776-269-395
lesley.dunn@ici.org

 


Keith Lawson
Deputy General Counsel - Tax Law
Tel: + 1 202 326 5832
Tel: +1 202 957 7226
lawson@ici.org

Assistant
Ruth Tadesse
202-326-5836
rtadesse@ici.org

 

 


Gregory Smith
Senior Director
Tel: +1 202 326 5851
smith@ici.org

Assistant
Magen Dargon
Tel: +1 202 326 5943
magen.dargon@ici.org


Paul Stevens
President and CEO
Tel: +1 202 326 5901
pstevens@ici.org

Assistant
Name: Liz Roth
Tel: +1 202 326 5906
liz.roth@ici.org

 


Contact Info

Head Office
Tel: ++1 202 326 5836
Fax: ++1 202 326 5841
www.ici.org
emykolenko@ici.org


IIFA Contact

Eva Mykolenko
Associate Chief Counsel - Securities Regulation
Tel: +1 202-326 5837
Fax: +1 202-3236 5841
emykolenko@ici.org

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