Investment News writes "SEC, ICI: Rules on money funds contain flaws", which discusses a panel talk at ICI's Mutual Funds and Investment Management Conference last week in Palm Desert, Calif. It says, "The Securities and Exchange Commission and the Investment Company Institute agree that changes need to be made to the agency's rules governing money market funds, but they don't necessarily agree on what those changes should be." It sites the SEC's Bob Plaze and says, "One way to address the risk that money funds pose to the entire market is to separate investors in retail money funds from those in institutional money funds." It cites Peter Crane and says, "There is no way to separate retail and institutional investors practically." IN adds, "Despite such differences, he [Plaze] said that he could see the SEC adopting many of the working group's recommendations."
