PALM DESERT, Calif. -- It’s been three years since the collapse of Bear Stearns – which occurred on the eve of the 2008 Investment Company Institute Mutual Funds and Investment Management Conference.

Now, as this year’s edition opened up, the Securities and Exchange Commission and the Commodity Futures Trading Commission are working their way through scores of new rules which they must study, define, take comments on , then enact as a result of the 2010 Dodd-Frank Wall Street Reform Act aimed at preventing another credit crisis – and at restoring investor confidence in capital markets.

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