Regulation of the securities industry is a never-ending story, and Securities and Exchange Commission's Chairman Christopher Cox is like the energizer bunny. He keeps 'going and going and going,' according to an interview that Investment Company Institute President Paul Schott Stevens had with sister publication Securities Industry News.

In 2003, the market-timing and late-trading scandals set off the current regulatory trend. This period was one of the most active periods of regulatory activity.

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