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Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.

Here is the text of the statement by Securities and Exchange Commission Chairman Mary Schapiro on money market mutual fund reform.

Mary Schapiro, Chairman of the U.S. Securities and Exchange Commission, canceled a vote on a proposal to tighten money-market fund rules amid opposition from fellow commissioners and a lobbying campaign by fund companies.

The SEC rolled out its first whistle-blower award on Tuesday, a $50,000 payment to an anonymous informant who helped bring down a Ponzi scheme. So far, the government has recovered $150,000.

Add Citigroup to the list of banks crying foul at the way Nasdaq handled automated trading in the May 18 Facebook IPO.

Money Fund Reform Drops Dead

Here is the text of the statement by Securities and Exchange Commission Chairman Mary Schapiro on money market mutual fund reform

The Dow Jones Industrial Average fell 30.82 points Wednesday to close at 13,172.76 while the Nasdaq and S&P 500 added 6.41 points and 0.32 points, respectively.

Investors last week pulled an estimated $2.67 billion from U.S. stock funds, down from $3.56 billion the prior week and half that two weeks earlier.

Legg Mason is planning to offer a number of index ETFs as well as actively managed fund of funds ETFs.