In a speech Monday, Securities and Exchange Commission Chairman Mary Schapiro highlighted the SEC’s commitment to reestablish investor trust through several policy proposals.
Addressing the Society of American Business Editors and Writers at its annual conference in Denver, Schapiro outlined several policy measures on the SEC’s agenda.
One such proposal will require enhancements to the rules governing the credit quality, maturity and liquidity provisions that currently apply to money market funds.
“In addition, we are reviewing whether more fundamental changes are needed to protect investors from runs on the funds, including floating rate net asset values,” Schapiro said.
Furthermore, in response to what Schapiro called a “rash” of Ponzi schemes, the SEC will be considering two proposals as part of a package of initiatives designed to better assure the safekeeping of investor assets: