SEC readies money-market proposal

04/10/2013 | Bloomberg

The Securities and Exchange Commission's Daniel Gallagher doesn't expect the change in leadership at the regulator to further delay a proposal on rules for money-market funds. "It's not going to be long now that we get the draft up and start working through it and in the very near term have a proposal," the commissioner said. Although Gallagher originally expected the proposal in March, he said the SEC is still finalizing technical details. Learn more at SIFMA's Money Market Reform Resource Center.

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