The Securities and Exchange Commission is considering eliminating the stable, $1 net asset value (NAV) requirement that money market mutual funds have long held, by either making the funds have a floating $1 NAV or a $10 NAV.

While such a move could help prevent future run-on-the-bank scenarios that several funds experienced last September, mutual fund industry advocates warn that eliminating the stable $1 NAV would take away the only thing that makes these products desirable to investors.

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