The U.S. Chamber of Commerce yesterday sent another letter to
U.S. Securities and Exchange Commission Chairman Mary Schapiro
warning her to refrain from proposing more regulatory changes to
money market mutual funds (MMMFs). This latest letter from the
Chamber was co-signed by no less than 118 other organizations,
including the Association for Financial Professionals.
"The regulatory changes under discussion at the SEC would
significantly undermine the value and utility of MMMFs,
discouraging corporate, municipal, and individual investors' use of
these types of investment products," the letter states.
Read the full letter here.