MIAMI -- The Securities and Exchange Commission is about to announce its plan for reforming money market funds, nearly four years after the oldest such fund famously “broke the buck” during the credit crisis of 2008.

The SEC plan for shoring up the funds is likely to include two fundamental reforms. The first is allowing the net asset value – where a fund keeps $1 of assets on hand for every $1 of investor money it holds – to float, in a narrow band, as asset value changes. The second is expected to be capital buffers, which will be put aside by market participants for a rainy day, to prevent a run on the funds, like such as occurred in 2008.

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