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November 27, 2012
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Daily newsletter from NYSSA for investment professionals

  Top Story 
  Industry Update 
  • Time is right to resolve money fund issues
    The changing of the guard at the Securities and Exchange Commission affords the regulator the opportunity to reach a real compromise on the matter of rules for money market funds, The Wall Street Journal's David Reilly writes. He advocates all parties should try to find common ground and resolve this issue. The Wall Street Journal (11/26) LinkedInFacebookTwitterEmail this Story
 
  New York Focus 
  Career Development 
  • Beware of these accountability traps
    Accountability is rarely clear cut in organizations, writes Ron Ashkenas, a managing partner of Schaffer Consulting. Reasons for accountability's murkiness include a complex organizational structure, constantly evolving work processes and avoidance tactics by workers. Some tips to increase accountability include making clear who is accountable for what and naming process champions, Ashkenas writes. Harvard Business Review online/HBR Blog Network (11/26) LinkedInFacebookTwitterEmail this Story
  On The Economy 
  • Cyber Monday sales likely broke record
    Cyber Monday sales were expected to reach $1.5 billion, making it the biggest Internet shopping day in history and providing a 20% increase compared with last year, according to comScore. "Online's piece of the holiday pie is growing every day, and all the key dates are growing with it," Forrester Research analyst Sucharita Mulpuru said. "The Web is becoming a more significant part of the traditional brick-and-mortar holiday-shopping season." Google/The Associated Press (11/26), The Christian Science Monitor (11/26) LinkedInFacebookTwitterEmail this Story
  Financial Products 
  • Schwab aims to launch money market ETF
    Charles Schwab filed with the Securities and Exchange Commission to market a short-maturity-debt exchange-traded fund that is intended to function like a money market fund. The Schwab Active Short Duration Income ETF would be the firm's first actively managed ETF. IndexUniverse.com (11/26) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Every path hath a puddle."
--George Herbert,
Welsh-British poet, orator and priest


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