An SEC press release sent out Tuesday says, "The Securities and Exchange Commission announced today that Andrew J. 'Buddy' Donohue plans to leave the SEC in November after serving more than four years as its Director of the Division of Investment Management. Mr. Donohue helped develop significant regulations governing the $39 trillion asset management industry, including investor-oriented rules to improve oversight of money market funds." Donohue was one of the only people to seriously mention the idea of a floating NAV for money market funds.

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