ICI Conference Features Gallagher
This Friday, November 2, the ICI is scheduled to host a "Capital Markets Conference" in New York, which will feature SEC Commissioner Daniel Gallagher as the keynote speaker. (He's scheduled to speak from 8:45-9:15am.) The event's description says, "The Investment Company Institute's 2012 Capital Markets Conference will examine the impact of trading and market structure issues on institutional investors. Attendees will receive up-to-the-minute information on the latest developments in the financial markets from senior representatives of regulators and policymakers, securities exchanges, broker-dealers, institutional investors, and other market participants." While he's not specifically scheduled to speak on money market fund issues, the topic likely will come up given Bloomberg's recent claim that the "SEC's Gallagher Calls for Floating Price for Money Funds"." Bloomberg said Sept. 27, "U.S. Securities and Exchange Commission member Daniel Gallagher, who helped derail efforts to tighten rules for money-market mutual funds, said he would likely support a measure forcing the industry to abandon its marquee $1 share price. Requiring money funds to have a fluctuating share price "is an attractive option that I am likely to support," Gallagher, a Republican, said in an interview." We'll see if Gallagher takes the opportunity to clarify his views and correct the Bloomberg story. (There's no word yet on whether the storm damage in lower New York will impact the conference, but the event is scheduled at the Downtown Marriott.)
