Regulation

Market participants should be wary of threats to tax-exempt bonds, but the politically-charged atmosphere in Washington, D.C. raises doubts about the ability of Congress to pass comprehensive tax reform legislation, lobbyists and others said Friday.

Since the onset of the financial crisis in 2007, the convergence between traditional and alternative products has been widely discussed, with ramifications expected to affect the industry in a significant fashion.

NEWS SCAN

'Tis the season when the leaves change, the National Football League is kicking its season into second gear, the Yankees are once again chasing another championship, and...yes, there's another mutual fund conference to attend.

Bruce Bent Sr. took the stand Thursday afternoon in a New York City courtroom, defending his actions during the 2008 financial crisis as his $62 billion Reserve Primary Fund—the world’s first money market mutual fund—imploded after making an unfortunate bet on the debt of Lehman Brothers Holdings, the Wall Street Journal reports.

Republican presidential nominee Mitt Romney was wrong to say Dodd-Frank offers the "biggest kiss" to large banks, according to Sheila Bair.

ICI president and CEO Paul Schott Stevens and ICI Global Managing Director Dan Waters today fired back at IOSCO’s report on money market funds that includes a number of regulatory recommendations.

Goldman Sachs Asset Management (GSAM) hired Andrew “Buddy” Donohue, the former head of the U.S. Security and Exchange Commission's Division of Investment Management as its deputy general counsel.

Well, that didn't take long.

"To float or not to float? That is the question."