The SEC has proposed a rule that threatens mutual funds and will harm middle-class families trying to build financial security.
The proposal requires mutual funds to impose a “hard close” cut-off time on when investors can buy and sell their funds, meaning that millions of American investors will not get the best price for their trades.
It also creates operational challenges for mutual funds that could risk depriving Americans of access to funds and investment strategies they rely on to reach financial goals such as retirement, buying a home, or paying for college.
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Financial Stability Resources
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