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U.S. SEC reforming money market funds

FYI only.
Some redundancy in these Reuters articles. I'm away soon to appointments. Others here may be able to provide an opinion/overview as to impact to investors.

Article 1

Article 2

Comments

  • Article 2 is the "Explainer" for the proposal that has been around for months for comments.

    Article 1 is the news TODAY (also leaked yesterday) that the SEC has dropped swing-pricing due to intense objections from the fund industry including its trade association ICI.

    So, gates + redemption-fees will remain for now.
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