​ "​Trade Groups Urge SEC to Scrutinize Money Funds" in Investment News. This week'​s Investment News features an article, "Trade groups urge the SEC to scrutinize money funds", which discusses the possibility of additional disclosure and regulation on money funds. (​See Crane Data'​s 1/​22 News brief, "​Fund Democracy Wants SEC to Monitor Monthly Money Fund Holdings".) Several groups (FPA, NAPFA, AFL-​CIO, Consumer Federation of America), most which have little to do with money market fund investors, have asked via gadfly Fund Democracy for funds to provide monthly portfolio holdings to the SEC. "​The groups' concern over subprime exposure in money market funds may be a case of closing the barn door after the black sheep have departed," says the article. (​Most funds also already post holdings on their websites.) The piece quotes Peter Crane, "You need a rocket scientist to analyze these securities. Money market securities are not traded on exchanges and have unique features and interest rates.... There'​s an awful lot of private placement and other issuance that just makes the sector extremely complex."

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