Regulation


  The SEC proposed rule amendments that would require money market funds to maintain a portion of their portfolios in highly liquid investments, reduce their exposure to long-term debt and limit their investments to only the highest quality portfolio securities. The proposals also would require the monthly reporting of portfolio holdings and allow the suspension of redemptions if a fund’s net asset value falls below $1 per share.

 

Comments are due Sept 8. The proposal is available at tinyurl.com/mutvuj.

 

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QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.