On December 5th, the SEC's Division of Risk, Strategy, and Financial Innovation published its responses to questions posed by Commissioners Luis Aguilar, Daniel Gallagher, and Troy Paredes concerning money market fund redemptions during the financial crisis, the effect of the agency's 2010 money market fund reforms, and how future reforms may affect investor demand for money market funds. The report concludes that the 2010 reforms would not have prevented the "runs" on money market funds which followed after The Reserve Primary Fund's net asset value fell below $1.00. Nor would the 2010 reforms have prohibited The Reserve Primary Fund from holding Lehman Brothers debt. On December 7th, Reuters reported Aguilar says he can now support additional reforms to money market funds provided that any new rules include the study's findings. Aguilar Support.