Wednesday, August 22, 2012
Will the SEC propose next week to reform money market funds? SEC Chairman Schapiro says changes are necessary to avoid the "break the buck" panic of the last financial crisis, but industry -- and at least two fellow Commissioners -- are opposed. According to the Wall St. Journal, Commissioner Aguilar is the swing vote, and he's not talking. WSJ, SEC to Confront the Money-Fund Dilemma
The SEC will also consider proposed rules that would implement the JOBS Act and allow solicitations under Reg D at its August 29 meeting.