For the third time in 15 years, U.S. regulators have rewritten the rules for money-market funds in hopes of preventing bailouts in times of turmoil.
Investors have been pouring money into the funds this year as inflation and market insecurity loom.
The Securities and Exchange Commission voted 3-2 Wednesday to change the rules governing money-market funds.
Money-market funds’ collective holdings have ballooned this year to a record $5.5 trillion.
