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"SEC Seen Unlikely to Rein in Money Fund Business": Investment News. While apparently confused between money market mutual funds and brokerage-affiliated FDIC-insured money market deposit accounts, this week's Investment News article does get a general theme of last week's Reserve Cash Summit correct -- that regulators likely won't move into "bankerage" with a heavy hand. Recently proposed "Broker Financial Reponsibility" rules, if adopted, will require much more onerous disclosure from brokerages, but will not ban the practice of paying low interest rates on "bankerage" sweep cash, as some have speculated. Contrary to the IN article's title, there are currently no discussions to "rein in" money market mutual funds. Quite the contrary, current proposals should only add fuel to money funds' surging asset levels.

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