The Securities and Exchange Commission soon will outline its plan to stabilize the $2.7 trillion money market fund industry, sources said. The goal is to minimize investor losses in the event of another financial crisis. However, insiders warn that the new rules could hinder returns and hurt confidence in the industry. "Money market funds remain susceptible to runs and to a sudden deterioration in quality of holdings, and we need to move forward with some concrete ideas for proposals to address these structural risks," said SEC Chairman Mary Schapiro. Schapiro will be a featured speaker at the SIFMA Compliance & Legal Society Annual Seminar, March 18-21. Register today.
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