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Fidelity Cements Money Fund Industry Shift on Disclosure

SEC's Chairman 'Encouraged'

January 11, 2013
Staff and Wire Reports

Moves by Goldman Sachs, Fidelity, Federated Investors and other money market fund companies indicate that daily publishing of market values of their assets will be an industry standard. That is encouraging to the SEC, which last year pushed instead to let the transactional value of share prices float, every day.

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