SEC member calls for tighter market fund regulation

Securities and Exchange Commissioner Michael Piwowar say market funds are 'vulnerable'

A member of the Securities and Exchange Commission (SEC) is pushing for tighter regulations of money market funds and says they will remain “vulnerable” if investors continue to run them. SEC Republican Commissioner Michael Piwowar, one the newest members of the agency, says there’s also a need to provide investors with more timely information about funds’ holdings.  

Piwowar, at a gathering of the U.S. Chamber of Commerce on Monday, verbally charged a panel of top financial regulators who have tried to pressure the agency to enact new reforms for asset managers and money funds. 

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Alexis Harrison

Alexis Harrison is a Connecticut-based writer and public relations professional whose career spans both print journalism and broadcast news. Alexis started her professional life as...

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