​ "​SEC Seen Unlikely to Rein in Money Fund Business": Investment News. While apparently confused between money market mutual funds and brokerage-​affiliated FDIC-​insured money market deposit accounts, this week'​s Investment News article does get a general theme of last week'​s Reserve Cash Summit correct -- that regulators likely won'​t move into "​bankerage" with a heavy hand. Recently proposed "​Broker Financial Reponsibility" rules, if adopted, will require much more onerous disclosure from brokerages, but will not ban the practice of paying low interest rates on "​bankerage" sweep cash, as some have speculated. Contrary to the IN article'​s title, there are currently no discussions to "​rein in" money market mutual funds. Quite the contrary, current proposals should only add fuel to money funds' surging asset levels.

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive