Recently by Joan Ohlbaum Swirsky
SEC Proposes Amendments To Remove Ratings Standard From Rule 2a-7
At an open meeting on March 2, 2011, the SEC voted unanimously to propose that a money market fund (a fund) would no longer be required to limit its investments to those rated within the top two categories by rating agencies (or to unrated securities of comparable quality). Rather, the fund's...
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