Updated Wednesday, September 3, 2014 as of 2:59 AM ET

Prime Money Funds to Float Price in Plan Said Headed to SEC Vote

(Bloomberg) -- The riskiest money-market mutual funds will have to let their share prices fluctuate and charge investors withdrawal fees during times of stress under tougher U.S. rules set for adoption this month.

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Comments (1)
Interesting article. The Dodd-Frank Wall Street Reform and other fallout's from the financial crisis have stepped up sec examinations on hedge funds and private equity. However by taking certain basic steps they can be better positioned to respond to these exams. I work for McGladrey and there's a whitepaper on our website that offers good information on the above topic that readers will find helpful @ http://bit.ly/1bEjpzs
Posted by suresh k | Monday, July 14 2014 at 11:55AM ET
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