{"id":5413,"date":"2013-01-24T00:00:00","date_gmt":"2013-01-24T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/01\/sec_news_roundup_commission_to"},"modified":"2022-05-02T15:40:30","modified_gmt":"2022-05-02T20:40:30","slug":"sec-news-roundup-commission-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-news-roundup-commission-to\/","title":{"rendered":"SEC News Roundup: Commission to Present Money Market Mutual Fund Reform Proposal, Achieves Record Number of Insider Trading Settlements During FY 2012"},"content":{"rendered":"

Commission to Present Money Funds Reform Proposal<\/strong><\/p>\n

According to SEC Commissioner Daniel Gallagher, staff members are putting together a money market mutual fund reform proposal that will address the problems that occurred in 2008. Another area that will likely be looked at more closely in the proposal would be the floating the net asset value of the funds. Gallagher, who made his comments at a US Chamber of Commerce, said this was important because there are \u201cserious\u201d related issues involving tax, accounting, and operations that need to be tackled.<\/p>\n

Meantime, the Financial Stability Oversight Council is looking at three draft money fund reform recommendations that it wants the SEC to deal with, including floating NAVs, a stable NAV that has a capital buffer with a cap of 1% of a fund\u2019s value in addition to delayed redemptions, and a stable NAV along with a 3% capital buffer that could be lowered if applied along with other measures.<\/p>\n

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

Commission to Present Money Funds Reform Proposal According to SEC Commissioner Daniel Gallagher, staff members are putting together a money market mutual fund reform proposal that will address the problems that occurred in 2008. Another area that will likely be looked at more closely in the proposal would be the floating the net asset value […]<\/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":[3811,3760,3795,3761],"tags":[],"class_list":["post-5413","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis"],"yoast_head":"\nSEC News Roundup: Commission to Present Money Market Mutual Fund Reform Proposal, Achieves Record Number of Insider Trading Settlements During FY 2012 — Investor Lawyers Blog — January 24, 2013<\/title>\n<meta name=\"description\" content=\"Commission to Present Money Funds Reform Proposal According to SEC Commissioner Daniel Gallagher, staff members are putting together a money market 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