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SEC Implements Money Market Fund Reform to Protect Investors
Ascende Link to more items from this source
Aug. 14, 2014
"[T]he SEC's goal in making these changes is to prevent a mass exodus out of these funds during a time of financial insecurity. However, in anticipation of the reform, large investors, including institutions and corporations, have already begun pulling assets out of prime funds, and the trend is expected to continue. With some investors looking to get out before the reform goes into effect, the current $2 trillion in money market assets is likely to shrink over the next 24 months."

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