The Investment Company Institute
shelled out $2.3 million in the first six months of the year on lobbying efforts, Forbes
reported, citing a disclosure form posted online by the Senate's public records office. The mutual fund trade group lobbied on a range of issues including the regulation of the securities markets, shareholder votes on executive pay and 401(k) fees. On the receiving end of the lobbying were Congress, the Securities and Exchange Commission, and the Treasury and Labor Departments.
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