WASHINGTON, D.C. In her first address to the fund industry, Securities and Exchange Commission chairman Mary Jo White Friday said to expect an appropriate and balanced proposal in the near future on a next round of reforms for the $2.7 trillion money market mutual fund business.
But she stopped short of providing any indication of what the content or nature of the proposal will be, other than that the product will be informed by and can be shared with other regulators in the global marketplace.
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