SEC Members Request Money-Market Study

Three commissioners call for an analysis of proposed money-market regulations.

A majority of U.S. Securities and Exchange Commission members are seeking a study of money-market regulations after Chairman Mary Schapiro’s bid to advance new rules failed last month, a person familiar with the matter said.

SEC Republican commissioners Daniel Gallagher and Troy Paredes, together with Democrat Luis Aguilar, sent a letter Sept. 17 to Schapiro and SEC Chief Economist Craig Lewis reiterating a call for an analysis of whether certain rules could disrupt money-market funds and short-term credit markets, said the person, who asked not to be identified because the matter isn’t public.

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