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Schwab CEO calls for money fund reform compromise
Walt Bettinger, chief executive officer at Charles Schwab, argues that it's time for the industry and regulators to reach a compromise on reform of the money market fund industry. Bettinger said Schwab is in favor of requiring some funds to have a floating net-asset value. "As far as risk goes, not all money-market funds are alike," he said.
Reuters (11/23), The Wall Street Journal (tiered subscription model) (11/22)
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