In 2009, the Forum sent SEC Chair, Mary L. Schapiro, a letter with recommendations on money market reforms, and reactions to proposals.

On June 3, 2009, Mary Schapiro, Chairman of the Securities and Exchange Commission, replied to the Forum's May 22, 2009 letter reacting to money market fund reform proposals.

On May 22, 2009, the Forum sent a letter to Mary Schapiro, Chairman of the Securities and Exchange Commission, a letter on behalf of independent directors reacting to proposals that have been made by others to either radically change or eliminate money market funds.