As attendees at the Investment Company Institute's Securities Law Developments Conference sit down in Washington today to discuss key regulatory issues facing the fund business, some are wondering whether they will be wasting their breath.

That's because, with the resignation last month of Securities and Exchange Commission Chairman Harvey Pitt, no one can be sure that the current regulatory agenda set forth by the SEC will continue unaltered. In fact, some think that a handful of key regulatory proposals facing the fund business may be tabled.

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