The Governor of Massachusetts, the home state to Fidelity
] and other mutual fund giants, Deval Patrick
, is getting involved in the debate over money market reform by writing a letter to the SEC this week, the Boston Globe's
Beth Healy reports.
Patrick writes that municipal money funds should be exempted from the proposed regulations. Patrick also wrote that municipalities would suffer if the agency were to eliminate the $1 per share assurance investors now enjoy, Healy writes.
To read more, click here
Stay ahead of the news ... Sign up for our email alerts now