SEC Decides Not To Release Money Market Fund Reform Proposal

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On August 22, the SEC announced that three of five Commissioners did not support a proposal to reform money market funds and the proposal will not move forward to publication for public comment. The proposal was intended to address certain structural issues inherent to such funds and to disincentivize runs on the funds. Statement of SEC Chairman. Testimony of Witnesses.

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

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