Another Swing Against Swing Pricing. SEC Investor Advisory Panel Questions Edict for Mutual Funds
Also, House Democrats raise (mild) concerns about bank capital proposal; more Gensler calendar updates; next week's SEC open meeting will be in person!
With fierce resistance from the industry and bipartisan opposition in Congress, the SEC’s plan to require mutual funds to use swing pricing in times of market stress already seemed like it was in a precarious place. Now, the agency’s influential investor advisory committee may have dealt it a fatal blow.
In a surprising development, the panel recently re…