The SEC May Roll Out Money Market Funds Proposal Today

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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 proposal will not affect money funds that invest in government and municipal debt. The affected money funds are used by big institutional…

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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