Commentary: SEC money-fund proposals are uneven

06/18/2013 | Wall Street Journal, The

Only one of the Securities and Exchange Commission's two money market fund proposals should be adopted, write Robert Pozen, senior fellow at the Brookings Institution and a senior lecturer at Harvard Business School, and Theresa Hamacher, president of the National Investment Company Service Association. While the proposal to require a floating net asset value for institutional funds makes sense, the SEC's plans to institute mechanisms to slow redemptions in all funds could have unintended consequences, they write.

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Wall Street Journal, The

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