SEC Proposes Rule to Help 90 Million Mutual Fund Investors Cash Out Under Market Stress

On September 22nd, the Securities Exchange Commission (SEC) voted to propose a “comprehensive package of rule reforms designed to enhance effective liquidity risk management by open-end funds, including mutual funds and exchange-traded funds.” The SEC’s plan aims to supplement the limited regulatory regime over fund liquidity by outlining disclosure requirements for portfolio liquidity and limits … More SEC Proposes Rule to Help 90 Million Mutual Fund Investors Cash Out Under Market Stress