The Securities and Exchange Commission (SEC) today proposed rules that would reduce risk in the money-market mutual fund.
The SEC’s two proposals have been voted unanimously 5-0 that would reduce risk of abrupt withdrawals in the $2.6 trillion money market mutual fund industry.
The two proposals from the SEC are alternative in nature that could be adopted alone or in combination.
One of the SEC’s proposals involves requiring a floating net asset value for prime institutional money market funds.
SEC Proposals only for...
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