SEC official expects money-fund proposal in Q1

01/17/2013 | Bloomberg · Wall Street Journal, The

There's a "new spirit" at the Securities and Exchange Commission regarding money-fund reform, Commissioner Daniel Gallagher says. "I hope and expect in the first quarter to have a proposal out for comment," he said last week. Gallagher said he expected the SEC to address the tax and accounting changes that would come with a move away from stable fund pricing.

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Bloomberg · Wall Street Journal, The

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