SEC's rule changes for money market funds will take effect May 5

02/24/2010 | Wall Street Journal, The

The Securities and Exchange Commission said amendments to rules governing money market funds would go into effect May 5. The changes are an effort to improve resiliency of the $3.3 trillion industry. While the changes go into effect in early May, the SEC is giving funds additional time to meet certain requirements.

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Wall Street Journal, The

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