FSR advocates on behalf of members that provide investment products and services to individual and institutional investors, businesses, not-for-profit organizations, and governments (federal, state, and local); manage investments for themselves or their clients; provide financial, investment, or advisory services; and underwrite, deal-in, or make markets in capital markets financial instruments.
Current Investment Management Priorities:
- Fiduciary Duties and Standards of Care
- Systemic Risk Review of Asset Management
- Retirement Planning and Saving
- Regulating Municipal Securities Disclosures
- Investment Funds Regulation
- Retail Securities Issues
- U.S. Securities Market Structure, Resiliency and Oversight
January 18, 2013
FSR and its members appreciate the work of the Financial Stability Oversight Council and share its goal of seeking to ensure that money market funds remain a convenient and cost-effective means of pooling investments in money market instruments. We respectfully submit that the Council’s Proposed Recommendations to reform MMFs are premature. As the Council itself recognizes, the Securities and Exchange Commission is best positioned to assess alternative approaches to MMF reforms and to implement any additional reforms.