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Thursday, June 06, 2013|
SEC's Money Fund Proposals Make a Splash
For example, Daily Finance considers the possibility that these resolutions may raise industry fees.
Meanwhile, Bloomberg reports that the proposal has united activists who want stricter regulation of the sector.
Investment News notes that the regulations are offered in a combo package.
ETF Trends says the proposal puts short-duration ETFs in the spotlight.
American Banker (which writes for money funds' natural competitors, banks) also looked at the criticisms leveled against the proposals.
Moreover, The New York Times' DealBook Blog says that the floating NAV proposal would apply to only 35 percent of all money market funds, and not to those available to ordinary investors.
Deal Book also quotes White's predecessor, Mary Schapiro, as saying "that the agency should be commended for putting a proposal out but needed to go further in overhauling the whole industry."
“I hope the commission will remain open to meaningful reform of the entire sector and not just institutional prime funds,” Deal Book quotes Schapiro as saying.
Wall Street Journal ran an opinion piece in support of the reforms.
The WSJ declared:
Printed from: MFWire.com/story.asp?s=44124
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