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Stock Market & Financial Investment News

News Breaks
December 13, 2012
12:29 EDTBLKBlackRock offers regulators compromise on money fund rules, Reuters says
BlackRock (BLK) has offered U.S. regulators a proposal to reach a deal over tightened regulations on money market funds, according to a Reuters report. The report says that BlackRock proposed money funds maintain their net asset value in times of turmoil by imposing a 1% fee on customer withdrawals, and that these fees would go back into the funds. Reference Link
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