SEC's Gallagher questions quick action on money-market rules

12/14/2011 | InvestmentNews (free registration) · Reuters

Daniel Gallagher, the newest member of the Securities and Exchange Commission, said the agency should not move too quickly to change rules for money-market funds. "Any rule-making in this space could be premature and possibly unnecessary," Gallagher said. "The option of doing nothing ... ought to be given serious consideration."

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InvestmentNews (free registration) · Reuters

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