Boston Federal Reserve chief Eric Rosengren on Friday expressed support for greater regulation of the $2.5 trillion money market mutual fund industry, including new rules being floated by the US Securities and Exchange Commission chief. At a conference sponsored by the Dutch Central Bank, Rosengren said that money markets, by taking investment risk in the bonds they buy, and yet promising to never let the value of their shares fluctuate, and allowing customers to withdraw sums on a moment’s notice “may be inviting trouble.”
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help