MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, May 25, 2012 Fundsters Talk Money Funds With Schapiro Representatives from BlackRock, Vanguard, J.P. Morgan Chase and Invesco all met with the SEC earlier this month to negotiate on possible new regulations to the money-market mutual fund industry, The Wall Street Journal reported. The meeting is yet another event in SEC Chairman Mary Schapiro's efforts to more heavily regulate the mutual fund industry. With one of her proposals, Schapiro wants to stop investors from withdrawing all of their money from the funds at once, forcing investors to wait 30 days before getting back three to five percent of it. The fund shops prefer instituting a charge on investors withdrawing their funds during a special went such as the 2008 financial crisis. Printed from: MFWire.com/story.asp?s=40133 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |