Mar
09
Mutual Funds Resist S.E.C. Plan to Pump Up Buffer Against Cash Flight
By
Mary Jo White, chairwoman of the Securities and Exchange Commission, testifying before the House Financial Services committee on the budget on Capitol Hill last March. CreditGabriella Demczuk for The New York Times
At an industry conference last week, the lead regulator for the Securities and Exchange Commission’s asset management division came under fire.
The official, David W. Grim, was highlighting an initiative that would require mutual funds to increase their liquidity cushions to accommodate investors looking to leave in a hurry…
Mutual Funds Resist S.E.C. Plan to Pump Up Buffer Against Cash Flight
