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Money Market Reform: All Eyes Are on the SEC

On Wednesday July 23, 2014, the SEC plans to adopt a final rule implementing changes in the regulation of money market funds (“MMFs”).  The SEC issued its proposed rule in June 2013, but it was grossly inadequate to address the systemic stability risks posed by MMFs.  Better Markets will be watching closely to see if, in the final rule, the SEC has strengthened its weak proposal enough to provide meaningful reform in the regulation of MMFs.