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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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.