Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the funds, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.
*SEC convenes roundtable following Knight error. The SEC convened the roundtable following a major glitch at Knight Capital on Aug. 1 that led to a $440 million trading loss that nearly bankrupted the firm. The SEC has also launched a broad review into technology issues at major brokerage firms.
Mary Schapiro, SEC Chair, says that money market funds are investment products, not banking products.
Sen. Jim DeMint on Tuesday took Democrats to task for failed investment measure, price of gas.
Mary Schapiro, SEC chairman, answers whether regulators fell down on the job getting to the point where MF Global failed. "Let's remember that MF Global's decisions were MF Global's decisions about how to invest and what risks to take," she says. "Their failure is a result of those decisions."
In testimony obtained by CNBC, a former attorney for the SEC denied that he had a conflict in his handling of the Bernard Madoff case, despite allegations by the agency's Inspector General that have been referred to the Justice Department for possible criminal prosecution.
Securities and Exchange Commission Chairman Mary Schapiro told CNBC Wednesday the regulatory agency still has a "full pipeline" of civil actions resulting from 2008's financial crisis in which Lehman Brothers went bankrupt.
Discussing the issues and provisions in Dodd-Frank that need to be addressed, with Mary Schapiro, Securities and Exchange Commission chairman.
At a time when the Securities and Exchange Commission is scrambling for resources, a new report by the agency's internal watchdog says the SEC has wasted millions of dollars in a "deeply flawed" system for leasing office space.
The House Oversight and Government Reform Committee wants to change current private trading rules to help more companies go public and bring more capital to those companies, said Rep. Daniel Issa, its chairman.
Tee time at Augusta, tea time for Boehner, and wait-and-see time for Portugal. Here's what we're watching—and you should, as well.
SEC conflicts, economic data across continents and iPad fever. Here's some of what we’re watching — and therefore you should as well.
Mary Schapiro is facing Congressional questioning about a former general counsel who weighed in on the Bernard L. Madoff case even though he had a financial interest in it, the New York Times reports.