Money-market mutual funds have been rescued from financial trouble by their parent companies more than 300 times, a greater number than previously reported, according to the head of the SEC.
Money-market mutual funds have been rescued from financial trouble by their parent companies more than 300 times, a greater number than previously reported, according to the head of the SEC.
The Securities and Exchange Commission plans "in short order" to propose a series of additional overhauls for the $2.6 trillion money-market mutual-fund industry, SEC Chairman Mary Schapiro said.