The Securities and Exchange Commission on Wednesday issued its long-anticipated proposal for reforms to stabilize money market mutual funds and protect investors from the type of run that brought the sector to the brink of collapse at the height of the financial crisis in 2008.

With the proposed reforms, the SEC is looking to establish safeguards for retail investors who rely on money market funds as an important vehicle for cash management, while bring also bringing a measure of transparency to the asset class that would help investors better understand the risks that the funds entail.

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