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Seeking to ease threats, SEC is poised to end $1 a share for some riskier money-market funds

Source: Canadian Business Online

WASHINGTON – Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is to minimize the risk of a mass withdrawal from the funds during a financial panic. The Securities and Exchange Commission may also vote to let money funds block withdrawals during perio ...
Full article at: Canadian Business Online 5 days ago, 11:03pm CDT
 


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