But industry groups and fund managers criticized the proposal in public comments, describing them as misguided and harmful.
The proposal also does not accurately reflect key characteristics of fixed income investments, many of which rarely trade, said, which had around $1.74 trillion in assets under management at the end of last year.
Reuters: 'The SEC's liquidity, swing pricing, and hard close proposal would seriously harm the more than 100 mil Americans who use mutual funds to invest for their financial future, said Eric Pan, chief executive officer of the Investment Company Institute, an industry group.'
Like Yellen driving rates to near zero.
Embarrassing to call this news... naked corporate propaganda
The inflationary fiat dollar harms retirement savers. OptOut UseBitcoin
SEC knows more about the impending chyna war than Munster says about Taiwan invasion after selling TSMC... 💥 💥 ...💥