The Securities and Exchange Commission (SEC) is set to take a major step to rein in money-market-mutual funds on Wednesday.
![The SEC May Roll Out Money Market Funds Proposal Today The SEC May Roll Out Money Market Funds Proposal Today](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E)
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...
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