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Federated Investors' Cunningham Says of the 15c3-3 Market "It's Huge". In the current issue of Money Fund Intelligence, we interview Senior VP & Taxable Money Fund CIO Deborah Cunningham of Federated Investors. We ask about an S.E.C. proposal to modify Rule 15c3-3, which would allow large government money funds to be used as collateral for brokerage firms. She tells us, "We're in the process right now of attempting to get some things [passed by the SEC] that could open up another $100 billion in market assets, if it goes through as we would like it to.... It's huge." Comments are being accepted on the Proposed "Amendments to Financial Responsibility Rules for Broker-Dealers" until May 18. Comments so far may be seen here.
