Money Market Funds Called Upon to Make Non-Public SEC Filings

Subprime Exposure Weighs On Activist's Mind


By Gail Liberman

July 14, 2008

How serious are liquidity problems with money market mutual funds? Mercer Bullard, founder and president of Fund Democracy, believes they're serious enough to warrant an immediate rule requiring money market mutual funds to make non-public monthly electronic filings of their portfolios to the Securities and Exchange Commission. In fact, he's upset that so far, the only SEC reaction had been a secretary's acknowledgement of the receipt of his Jan. 16 rulemaking petition.

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