US SEC to Tighten Insider Trading Rules, Boost Money Market Fund Resilience

US SEC to Tighten Insider Trading Rules, Boost Money Market Fund Resilience
The seal of the U.S. Securities and Exchange Commission (SEC) at their headquarters in Wash., on May 12, 2021. Andrew Kelly/Reuters
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WASHINGTON—The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds.

The agency also unveiled measures to increase transparency around share buybacks and the complex derivatives at the center of New York-based Archegos Capital Management’s meltdown earlier this year.