Fidelity [profile] has a simple instruction for federal regulators with regards to money-market fund reform: Stop.

The Boston Behemoth sent a note to the Financial Stability Oversight Committee (FSOC), reported the Boston Globe. It said to "Take no further action" on the subject, according to reporter Beth Healy.

The letter noted that the proposed regulations could actually have a negative effect on the stability of money funds.

For more details, check out the original article here. 

Edited by: Ben Geier


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