Eric J. Pan, President and CEO of the Investment Company Institute expressed dismay with a rapid and seemingly disjointed approach to SEC rulemaking.

The Investment Company Institute urged the SEC to reconsider its proposed rulemaking in several areas, arguing that the aggregate impact of "significant deficiencies" in the "interconnected" rulemakings are likely to have negative impacts on regulated investment funds.

The Investment Company Institute questioned the necessity of the SEC’s proposed amendments to the "Names Rule" in light of requirements which already prohibit misleading fund communications.

Investment Company Institute President and CEO Eric Pan criticized the SEC's adoption of recent rule amendments aimed at preventing a run on money market funds, saying that the SEC "missed the mark" by imposing "mandatory fees along with overly strict liquidity requirements."

In a comment letter on FinCEN's proposed rulemaking on access and safeguards to beneficial ownership information, the Investment Company Institute urged FinCEN to be mindful of the unique characteristics of mutual funds.