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