PALM DESERT, Calif. – Sounding the familiar cry that the fund industry has done a good job or persevering through a "grinding bear market" and "egregious corporate scandals," Matthew Fink, president of the Investment Company Institute, also said that enough regulation is enough.

Just as technology valuations got out of hand, there is the danger of a "regulatory bubble," Fink told mutual fund executives gathered here for the 2003 Mutual Funds and Investment Management Conference, sponsored by ICI and the Federal Bar Association.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.