SEC Retreats From 'Swing Pricing' Mandate for Mutual Funds After Stiff Opposition.

The US Securities and Exchange Commission (SEC) has abandoned a proposal that would have required mutual funds to implement swing pricing during periods of high redemptions. Swing pricing would have made it more expensive for investors to cash out during market volatility. The proposal faced opposition from both the industry and Democratic lawmakers, who argued that it would burden retirement savers. Instead, the SEC has approved more frequent disclosures of mutual fund performance and will issue new guidance on liquidity-risk-management rules. The regulator will also require mutual funds to report portfolio holdings on a monthly basis, with the data made public 60 days after the end of the month. [Extracted from the article]