WASHINGTON (Reuters) - The Securities and Exchange Commission is taking steps to help spot if money starts flowing to alternative investments as the SEC cracks down on money market funds. Full story
(Reuters) - Former U.S. Securities and Exchange Commission (SEC) chairman Mary Schapiro will join a private consulting firm as a managing director following a tumultuous four years rehabilitating the agency's battered reputation. Full story
(Reuters) - Asset manager Vanguard Group Inc and a major financial industry trade group on Tuesday said they could support certain "liquidity fees" on money market mutual funds, the latest steps as the $2.6 trillion industry seeks to stave off more sweeping regulations. Full story
Mary Schapiro is stepping down as head of SEC, reports CNBC's Eamon Javers.
As Knight Capital struggles to stay alive after a software glitch caused a massive $440 million loss, SEC chief Mary Schapiro has been on a family vacation. Philip Khinda, Steptoe & Johnson, and CNBC's Bob Pisani, discuss.
Mary Schapiro, SEC Chair, says that money market funds are investment products, not banking products.
Mary Schapiro, then chairman of the Securities and Exchange Commission, testifies before a House Financial Services Committee hearing on "Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss" on Capitol Hill in Washington June 19, 2012. REUTERS/Kevin Lamarque
