Fidelity ratchets up its rhetoric against money market fund reform, warning U.S. regulators that...

|By:, SA News Editor

Fidelity ratchets up its rhetoric against money market fund reform, warning U.S. regulators that proposed changes such as requiring more capital and placing restrictions on investor redemptions would "ultimately destroy" the $2.7T industry. What they really fear is that tighter regulations could drive investors to other investment vehicles, particularly banks.