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NOMINATION OF HERMIEN SMEETS-FLIER AS CHIEF FINANCIAL OFFICER Amsterdam, the Netherlands - Flow Traders Ltd. (Euronext: FLOW) announces the nomination of Hermien Smeets-Flier for election as Chief Financial Officer
Regulators voted Wednesday to impose new rules on money-market mutual funds in an effort to prevent potential runs on their assets
The new rules are meant to discourage runs like the one in March 2020 and shield remaining shareholders from costs tied to the high level of redemptions.
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The U.S. Securities and Exchange Commission on Wednesday finalized rules aimed at increasing the resilience of the $5.5 trillion money market fund industry, but scrapped a proposed new pricing model that had been strongly opposed by asset managers.
The SEC finalized rules designed to stem rapid outflows from money-market funds during times of financial stress.