On August 2nd, the Deputy Director of the Division of Investment Management at the SEC, Robert E. Plaze, announced his retirement. During his almost 30-year tenure at the agency, Mr. Plaze has been instrumental in shaping the rules governing investment companies. Most recently he has been a key driver of the proposed money market fund reform currently being considered by the SEC Commissioners. SEC Chairman Schapiro made the following statement on his retirement: "Few people have had as great an impact shaping the regulatory landscape for the benefit of individual investors. Bob's keen intellect and passion for investor protection have been central to virtually every significant rule affecting mutual funds and investment advisers for more than a generation."