Trade Associations - Comment Letter Urging the SEC Not to Pursue Proposals on Money Market Fund Reform

Financial services trade groups sent a joint letter to the SEC asserting that potential changes to the regulation of money market funds (i.e., requiring these funds to abandon the $1.00 net asset value in favor of a floating value, or to combine significant capital requirements with holdback restrictions on redemptions) would fundamentally alter the structure of money market funds and jeopardize Americans' retirement savings. In the letter, the organizations asserted that money funds are among the safest investments on the market, and that reforms implemented in 2010 to strengthen liquidity and credit requirements are sufficient.

View comment letter in full here (links externally to SIFMA website). Additional Materials: Commissioner Luis A. Aguilar's Statement