The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fundsters Talk Money Funds With Schapiro Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 25, 2012

Fundsters Talk Money Funds With Schapiro

News summary by MFWire's editors

Representatives from BlackRock, Vanguard, J.P. Morgan Chase and Invesco all met with the SEC earlier this month to negotiate on possible new regulations to the money-market mutual fund industry, The Wall Street Journal reported.

The meeting is yet another event in SEC Chairman Mary Schapiro's efforts to more heavily regulate the mutual fund industry.

With one of her proposals, Schapiro wants to stop investors from withdrawing all of their money from the funds at once, forcing investors to wait 30 days before getting back three to five percent of it.

The fund shops prefer instituting a charge on investors withdrawing their funds during a special went such as the 2008 financial crisis. 

Edited by: Ben Geier

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use