Citing recent accounting scandals, which helped to send stocks plunging, Investment Company Institute President Matthew Fink sent a letter to the House of Representatives this month, urging Congress to approve full funding for the Securities and Exchange Commission before it adjourns for the year.

In a letter addressed to House Speaker Dennis Hastert, Fink asked that Congress forward an appropriations bill to President Bush this year that would increase SEC funding. "Such action will help restore investor confidence in our financial markets and benefit our economy as a whole," Fink wrote.

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