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Money Market Funds

SEC Chairman Gary Gensler
"To better address pricing and reduce dilution in times of stress, we proposed so-called swing pricing as well as alternatives regarding liquidity fees. Such swing ...
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This reflects changes the SEC has made to this rule effective in 2023
This is the Investment Company Act's books and records rule, as amended in 2023
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 ...
SEC Commissioner Crenshaw
" I am pleased that we are including swing pricing and initiating a discussion, though it is certainly an idea that deserves careful consideration"
SEC Commissioner Hester Peirce
"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 ...
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