With lawmakers in Washington calling for Securities and Exchange Commission Chairman Harvey Pitt's resignation, fund executives said the mutual fund industry is likely to support the embattled regulator.

The executives' comments came last week as a debate gains steam over Pitt's suitability for the job. Some lawmakers question Pitt's ability to prevent stock and accounting scandals at firms such as WorldCom and Enron from rocking Wall Street and battering investor confidence any further. Last week the Dow was at its lowest levels since September.

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