[R]ules, expected to be approved at a Securities and Exchange Commission meeting on Wednesday, are aimed at avoiding a repeat of the investor stampede out of the $2.6 trillion industry that threatened to freeze corporate lending during the 2008 financial crisis.
[T]e SEC plan…would allow all funds to temporarily stop investors from redeeming shares in times of market tumult or impose fees on them to do so, these people said, meaning corporations and other investors may not always have immediate access to their cash…
The prospect of losing immediate access to their cash, or risk to principal, already has caused some corporate treasurers to shift money away from the industry. Verett Mims, assistant treasurer at Boeing Co., said in a conference call Tuesday that the aircraft maker’s pension unit has already moved cash into separately managed accounts in anticipation of the new rules.
***If you are a news addict, be sure to bookmark The Most Important News and visit on a daily basis for the very best breaking news, articles and videos from all over the Internet!***