Key SEC Holdout In Money-Fund Overhaul Reverses Stance

From the Wall Street Journal

The $2.6 trillion U.S. money-market fund industry is headed toward a drastically new look next year, as a regulator who blocked an overhaul effort this past summer has dropped his opposition.

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The SEC first issued new rules on money market funds back in 2010. This Bankrate article has a good overview of these new rules.