Hey, Money-Market Funds, the SEC's Your Pal

Regulators are planning to exempt certain types of money-market funds from sensible new rules.
Regulators are planning to exempt some money-market funds from rules that would make them safer. Photographer: Brendan Smialowski/AFP/Getty Images

The Securities and Exchange Commission is supposed to help protect investors from the risk of financial crises (among other things), so it's disappointing that the agency is planning to exempt many money-market mutual funds from regulations that would serve this purpose.

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