SEC’s Gallagher Calls for Floating Price for Money Market Funds - Businessweek
Gallagher, who helped derail efforts to
tighten rules for money market mutual funds, said he would
likely support a measure forcing the industry to abandon its
marquee $1 share price.
Requiring money funds to have a fluctuating share price
“is an attractive option that I am likely to support,”
Gallagher, a Republican, said in an interview.
All your money market accounts belong to us. First MM next you're 401k.
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