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.
The proposal is meant...
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
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