Money Market Funds

This is the proposed change to Investment Company Act's books and records rule proposed by the SEC in Nov 2022

The 'government has bailed out the multi-trillion-dollar industry twice in the last 12 years'. 'There are well-known solutions to this run risk and financial instability'

For SEC commissioners, Dec. 15th produced their greatest productivity of the year, as a mostly divided Commission approved several new proposals, including revisions to money ...

"In March 2020, growing concerns about the COVID-19 pandemic led many investors to move their assets from certain money market funds into cash and short-term ...

"Commissioner Stein (and others) expressed concern at that time about the use of fees and gates in this way, noting that the possibility of a ...

" I am pleased that we are including swing pricing and initiating a discussion, though it is certainly an idea that deserves careful consideration"

"The proposal, if finalized in its current form, likely would continue the trend of driving more money into government funds. Doing so may serve the ...

"This brings me, however, to a major shortcoming I see in today’s proposal.  The comment period is 60 days long, falling over the course of ...

In a rare public meeting scheduled for Dec. 15th, the Commission aims to take up five new rules

Cowen determined that a government money market fund, as opposed to another type of money market fund, was an appropriate cash sweep vehicle for its ...