Mutual-fund companies trying to derail regulatory changes that would rein in money-market funds are getting some last-minute help from lawmakers.
Securities and Exchange Commission Chairman Mary Schapiro is completing a proposal aimed at reducing the risk that money-market funds will run into trouble, as one of them did during the financial crisis. Fund companies say the plans, which would limit investors’ ability to sell the funds quickly and change how the funds are priced, would threaten the $2.7 trillion money-market fund industry’s long-term survival.
