New SEC money-fund draft proposal targets prime funds

05/10/2013 | Bloomberg Businessweek · Wall Street Journal, The

A Securities and Exchange Commission proposal would require only prime institutional funds to use a floating share price, while allowing government funds to continue with a stable share price. The proposal could be issued as soon as next month, said SEC Commissioner Luis Aguilar, who says he likely will support it. Learn more at SIFMA's Money Market Reform Resource Center.

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Bloomberg Businessweek · Wall Street Journal, The

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