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penny rounding

NAV, money market mutual funds, SEC regulation, penny rounding, Dodd-Frank Act
Financial Markets, Money & Politics

Mutual vs. Penny-Rounding Money Market Funds

Hu McCulloch/February 6, 2018June 19, 2022

Last month, the House Financial Services Committee voted to overturn 2014 SEC regulations requiring larger Money Market Funds to mark their shares to Net Asset Value (NAV) on a daily basis, rather than “penny rounding,” i.e. rounding their share values to the nearest cent on the dollar.[1]…

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