Volcker Rule may hurt mutual funds, investors: ICI

Posted on December 13, 2012 at 16:38 PM EST

A proposal set up to implement the Volcker Rule is intended to limit speculative activity of big banks but actually may cause problems for many mutual funds, a top lobbyist for the fund industry tells lawmakers.

Related Stocks:

Bank of America Corp. Bank of New York Goldman Sachs Group, Inc. JPMorgan Chase & Co. Morgan Stanley SENVEST CAPITAL Wells Fargo & Co.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates