WASHINGTON AP - Federal regulators on Wednesday tightened rules for money-market mutual funds to require them to hold some assets that could be easily converted to cash and to disclose new information on fund values.The Securities and Exchange Commission voted 4-1 at a public meeting to adopt the new rules designed to bolster protection for investors in money-market funds, which hold about $3.
January 27, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – Federal regulators on Wednesday tightened rules for money-market mutual funds to require them to hold some assets that could be easily converted to cash and to disclose new information on fund values.
The Securities and Exchange Commission voted 4-1 at a public meeting to adopt the new rules designed to bolster protection for investors in money-market funds, which hold about $3.2 trillion in assets.
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