Fidelity Investments urged federal regulators not to tighten regulations on money market funds, or risk driving away customers. Boston-based Fidelity is the nation’s largest manager of money market funds, with $433 billion under management in 10.9 million accounts at the end of 2011.
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Comments
What to do you expect from a bill written by Dodd and Frank.
Fidelity couldn't manage to police itself, and now they are outraged at controls?
What other product would the 57% be inclined to utilize? I think dire is a bit dramatic.
You've really got to wonder just how smart these SEC guys and gals are. They're the people who investigated Bernie Madhoff numerous times and were unable to figure out what he was doing.