Yesterday's Wall Street Journal featured, "Mutual-Fund Giants Give Mixed Reviews to SEC Proposals". The piece said, "Some of the biggest players in the money-market fund industry expressed support for some of the rules the Securities and Exchange Commission has proposed for the $3.7 billion industry -- and concern about others. Fidelity Investments supports changes to money-market fund regulation that would bolster the security of the funds, improve market discipline and transparency and enhance investor confidence.... But it doesn't feel 'radical changes to the way money-market funds are organized or regulated is warranted'.... `Jack Brennan, chairman of the Vanguard Group, said the SEC did a terrific job of getting at the key factors addressing money-market safety, liquidity and other issues.... J. Christopher Donahue, chief executive at Federated Investors, said the SEC proposals shaped up very well overall, but that he will raise concerns on some of its suggestions, among them the distinction between retail and institutional funds when it comes to illiquid securities." See also, the SEC's posting of its summary of proposals, "Making Money Market Funds Less Risky", and see BusinessWeek's "Should Money Market Funds Be Able to Break the Buck?"
