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Crane 100 Money Fund Index
The Wall Street Journal writes "Funds Face New Battle On Rules"
. The article says, "Barely a month ago, the money-market mutual-fund industry was celebrating its biggest political victory in years. Now it is gearing up for another fight
. In the past two weeks, executives from firms such as Federated Investors Inc.
, Vanguard Group Inc.
, Charles Schwab Corp.
and Fidelity Investments
, plus the Investment Company Institute
, a trade group, each have called or met with banking lawyers in Washington to learn more about a new attempt to regulate mutual funds, according to company executives and lawyers familiar with the meetings. The firms also are holding internal discussions about how to proceed, and could soon begin meeting with politicians and regulators in hopes of persuading them the new plan would damage the industry, according to those people.... The industry could be facing a tougher battle this time. Members of the FSOC could see this as a chance for the new group to flex its muscle. Several firms also support new rules