Preliminary results from the 2012 AFP Liquidity Survey say, "If money market mutual funds (MMFs) shift to a floating net asset value (NAV), impose redemption holdbacks or seek additional reserve capital through fees, corporations say they would stop investing in these vehicles and would most likely reduce or fully liquidate their holdings, according to data released June 20 by the Association for Financial Professionals (AFP). Preliminary results from the 2012 AFP Liquidity Survey, found that organizations would be less willing to invest in MMFs and/or would reduce/eliminate their holdings of MMFs in their short-term investment portfolio under three regulatory reform proposals, which are reported to be under consideration by the U.S. Securities and Exchange Commission. Results of the full survey, which covers a broad range of liquidity issues that affect corporate treasurers, will be released in July." In other news, see NY Times' "Money Market Funds Still at Risk, S.E.C. Chief Says", "Federated's Donahue: Size of Money-Market Funds Shows Resilience", and "SEC Builds Money Fund Case".