{"id":1195,"date":"2013-02-07T19:00:54","date_gmt":"2013-02-07T19:00:54","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/02\/jpmorgan_goldman_sachs_bank_of"},"modified":"2022-03-10T16:35:49","modified_gmt":"2022-03-10T22:35:49","slug":"jpmorgan-goldman-sachs-bank-of","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/","title":{"rendered":"JPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds"},"content":{"rendered":"

\t\t\t\tWhile regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM)<\/a>, Fidelity Investments, BlackRock Inc. (BLK), Bank of New York Mellon Corp. (BK), Federated Investors Inc. (FII), and Charles Schwab Corp.,(SCHW), started disclosing the market-based net asset values of these funds last month. Reasons given for these disclosures included offering greater transparency and giving investors more information about the market. However, some believe there are firms are issuing these disclosures because that is what their competitors are doing.<\/p>\n

Currently, money market funds have a $1\/share stable net asset value for all investor transactions. The underlying assets of the funds, which are debt securities with high ratings, however, can undergo periodic, small value changes that may slightly affect a fund’s per share market value. This is also called the shadow price, which are reasonable estimates\/fair valuations of the price that an instrument could be sold at in a current trade.<\/p>\n

A few years ago, the Securities and Exchange Commission approved modifications to its Rule 2a-7 and other rules about money market funds mandating that managers of the funds reveal changes to portfolio holdings and give the regulator the market-based net asset values of the funds. Fund information for each month has to be given to the SEC at a succeeding month. The Commission then makes the information available to the public 60 days after the month to which the data pertains has concluded. These Daily disclosures would make the data more immediate (and relevant) for investors.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

While regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Fidelity Investments, BlackRock Inc. (BLK), Bank of New York Mellon Corp. (BK), Federated Investors Inc. (FII), and Charles Schwab Corp.,(SCHW), started disclosing the market-based net […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4020,3840,3819,3754,3797,3885],"tags":[],"class_list":["post-1195","post","type-post","status-publish","format-standard","hentry","category-bank-of-new-york-mellon-corp","category-charles-schwab","category-fidelity","category-goldman-sachs-1","category-j-p-morgan-chase","category-money-market-funds"],"yoast_head":"\nJPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds — Investor Lawyers Blog — February 7, 2013<\/title>\n<meta name=\"description\" content=\"While regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman — February 7, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"JPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds — Investor Lawyers Blog — February 7, 2013\" \/>\n<meta name=\"twitter:description\" content=\"While regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman — February 7, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds — Investor Lawyers Blog — February 7, 2013","description":"While regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman — February 7, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/","twitter_card":"summary_large_image","twitter_title":"JPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds — Investor Lawyers Blog — February 7, 2013","twitter_description":"While regulators continue pondering whether to impose more regulations on money market mutual funds, a number of financial institutions, including Goldman — February 7, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"JPMorgan, Goldman Sachs, Bank of New York Mellon, Charles Schwab Disclose Market-Based NAVs of Money Market Mutual Funds","datePublished":"2013-02-07T19:00:54+00:00","dateModified":"2022-03-10T22:35:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/jpmorgan-goldman-sachs-bank-of\/"},"wordCount":560,"articleSection":["Bank of New York Mellon Corp.","Charles Schwab","Fidelity","Goldman Sachs Group, Inc","J P Morgan - 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