SEC Money Market Fund Reform Uncertain Under Krawcheck

Law360, New York (December 3, 2012, 8:00 PM EST) -- Sallie Krawcheck could reignite the U.S. Securities and Exchange Commission’s money market fund reform efforts if she’s chosen to lead the agency next year, but attorneys say the former Wall Street executive would likely face the same hurdles that sank departing Chairman Mary Schapiro’s controversial plan.

Krawcheck, the former head of Bank of America Corp.'s global wealth management arm, has emerged as a leading candidate to be named SEC chairman sometime after Schapiro steps down Dec. 14. In the meantime, President Barack Obama has designated SEC...
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