SEC chair Mary Schapiro spoke before attendees of the ICI General Membership Meeting in Washington, D.C. on Friday morning, and her speech contained no surprises for fundsters.

"We're entering one of the most active rule-making periods in the commission's history," Schapiro said.

She pointed to issues such as those surrounding money market funds and target-date funds.

At one point during her speech, Schapiro also mentioned the complaint the SEC filed on Tuesday that accuses the Reserve Management Company of fraud.

The complaint, filed in U.S. District Court for the Southern District of New York, is intended to "not only to address wrongdoing, but also to get money to as many investors as quickly as possible," she said. 

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