Mar
09
Mutual Funds Resist S.E.C. Plan to Pump Up Buffer Against Cash Flight
ByCreditGabriella 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