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The SEC aims to stabilize the $2.7 trillion money-market fund industry, but critics say rules would cut returns, Andrew Ackerman reports on Markets Hub.
By Andrew Ackerman and Kirsten Grind
Regulators are completing a controversial proposal to shore up the $2.7 trillion money-market fund industry, more than three years after the collapse of Lehman Brothers Holdings Inc. sparked a panic that threatened the savings of millions of investors and forced the federal government to intervene.