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Rating:WSJ Spotlights Brokerages' Money Fund Actions Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 25, 2008

WSJ Spotlights Brokerages' Money Fund Actions

by: Erin Kello

Thursday's WSJ Fund Track covers Wednesday's move by TD Ameritrade to make investors who lost money in the Reserve's Primary Fund whole once more. The company said it would kick in $50 million of its own money so that investors would not have to eat the losses. The column, by Shefali Anand and Kara Scannell, also reports on a similar move made by Ameriprise hours later. Ameriprise is committing $33 million to negate losses by its clients.

For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline. 

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