The SEC May Roll Out Money Market Funds Proposal Today

Mani

Published onJune 5, 2013

Updated on May 13, 2021

The Securities and Exchange Commission (SEC) is set to take a major step to rein in money-market-mutual funds on Wednesday.

The SEC’s proposal would require only the riskiest funds to abandon their fixed $1 share price and permit shares to float value like other mutual funds.

SEC Proposal Meant To Eliminate Fixed Share Value

The proposal is meant to eliminate the fixed share value only on prime money funds that invest in short term corporate debt. However the...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

The SEC May Roll Out Money Market Funds Proposal Today

SEC Proposal Meant To Eliminate Fixed Share Value

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