We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Loses Key Force Behind $3T Money Market Reforms

Law360, New York (January 21, 2015, 12:58 PM EST) -- The head of the U.S. Securities and Exchange Commission's Investment Management division will leave the agency this month after helping spur the passage of controversial reforms to the $3 trillion money-market fund industry, the agency has announced.

The SEC said Wednesday that Norm Champ, a former hedge fund executive, will step down after serving as the head of the division for over two years. Before that, Champ was in the SEC's Office of Compliance Inspections and Examinations.

“The commission has benefited greatly from Norm’s expertise and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.