Bloomberg writes "​Toronto Dominion Can Bolster a Money-​Market Fund, SEC Says". TD Asset Management apparently has "received regulators' approval to buy $​300 million in mortgage-​linked securities out of one its money-​market funds", reports Jesse Westbrook. The advisor received a "​no-​action" letter from the SEC on Dec. 21 to purchase "trust certificates, issued by Corsair Trust I-​1020" says the article. It adds, "Corsair is a limited-​purpose finance company, similar to a structured investment vehicle, TDAM spokeswoman Lisa Hodgins said. The trust certificates, which included a credit-​default swap, were a '​non-​material holding' for the TDAM Money Market Portfolio."

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