PALM DESERT, Calif – In his last appearance before his constituents, Investment Company Institute President Matthew Fink went out swinging. Fink defended the trade group against a Wall Street Journal report Monday suggesting it knew about market timing long ago, as the ICI kicked off its annual Mutual Funds and Investment Management Conference here yesterday.

Citing the transcript of an ICI conference call in 2000, The Journal report quoted an Alliance Capital executive discussing the firm’s agreements with market timers. The newspaper went on to criticize the ICI for failing to bring that information to the attention of the Securities and Exchange Commission

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