Soon to retire Sen. Peter Fitzgerald (R-Ill.) Thursday applauded the efforts of federal securities regulators for their continuing efforts to enact a series of mutual fund reforms that benefit individual investors.

In recent months, the Securities and Exchange Commission has put forth a spate of new rulemakings designed to address inherent flaws in the structure of the $7.5 trillion mutual fund industry, including 17 related to issues outlined in Fitzgerald’s Mutual Fund Reform Act of 2004, introduced last February.

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