WASHINGTON (AP) -- Investors could lose principal from money market investment funds that underperform under rules being proposed by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors.
The SEC was to vote Wednesday to advance two plans that are intended to better inform investors and protect the industry from risks that surfaced at the height of the 2008 financial crisis.
One plan would allow shares of some money market funds to "float," instead of having a fixed value of $1 per share. The proposal failed to gain support last year but has since won the backing of a panel of regulators that include Federal Reserve Chairman Ben Bernanke.
The other would impose fees on withdrawals from funds if their assets that can be readily converted into cash fall below a certain level.
Best Net Payout Yield Stocks To Buy For 2014: Teryl Resources Corp. (TRC.V)
Teryl Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties; and acquisition, drilling, and development of oil and gas properties. It primarily explores for gold ores. The company holds a 100% interest in the Westridge property that consists of 53 state mining claims covering approximately 5,200 acres located in the Dome Creek area of the Fairbanks district of Alaska; a 50% option interest in the Fish Creek property located in the Fairbanks district of Alaska; a 1% royalty interest in the Gil property in Fairbanks, Alaska; a 10% net profit interest in the Stepovich claims, near the Fort Knox deposit; and a 40% interest in a silver property located in northern British Columbia. It also has revenue interest in three producing oil and gas wells in Texas. The company was formerly known as Candy Mountain Gold Corporation and changed its name to Teryl Resources Corp. in February 1984. Teryl Resource s Corp. was incorporated in 1980 and is based in Richmond, Canada.
Best Net Payout Yield Stocks To Buy For 2014: Brazilian Real(BK)
The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. It also provides investment management, wealth and estate planning, and private banking solutions to high-net-worth individuals and families, charitable gift programs, endowments and foundations, and related entities, as well as offers mutual funds, separate accounts, and annuities. In addition, the company provides global custody and fund, securities lending, investment manager outsourcing, performance and risk analytics, alternative investment, securities clearance, collateral management, corporate trust, broker-dealer, and employee investment plan services, as well as clearing services and global payment/working capital solutions to institutional clients. Further, it offers American and global depositary re ceipt programs, cash management solutions, payment services, liquidity services, foreign exchange, global clearing and execution, managed account services, and global prime brokerage solutions to corporations, public funds, government agencies, foundations, and endowments; global financial institutions, including banks, broker-dealers, asset managers, insurance companies and central banks; and financial intermediaries, independent registered investment advisors, and hedge fund managers. Additionally, the company provides credit-related services, and global markets and institutional banking services; engages in business exits, and corporate treasury activities; and leases financing portfolios. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Advisors' Opinion:- [By Elissa]
The Bank of New York Mellon was formed by a merger in 2007 and serves many institutions, corporations and wealthy individuals across the country. With assets equivalent to $325 billion, the company focuses on asset and wealth management for its customers.
Hot Insurance Companies To Buy For 2014: Excellon Resources Inc (EXN.TO)
Excellon Resources Inc., a mineral resource company, engages in the acquisition, exploration, development, and mining of mineral properties primarily in Mexico. It primarily explores for silver, lead, and zinc ores. The company owns a 100% interest in the Platosa property covering a total area of 40,864 hectares located in northeastern Durango States. It also has interests in the Miguel Auza property covering a total area of 41,000 hectares of under explored land in northern Zacatecas, as well as in the DeSantis Project situated near Timmins, Ontario and the Beschefer Project, located in northwestern Quebec. Excellon Resources Inc. was incorporated in 1987 and is based in Toronto, Canada.
Best Net Payout Yield Stocks To Buy For 2014: Hermes Financial Inc(HFI.V)
Hermes Financial Inc. engages in the exploration, development, and production of oil and gas properties in Canada. It holds interests in various oil and gas wells located in the Valhalla, Bellshill Lake, and Sullivan Lake areas of Alberta, Canada. The company was incorporated in 2006 and is based in Canmore, Canada.
Best Net Payout Yield Stocks To Buy For 2014: Telephone and Data Systems Inc.(TDS)
Telephone and Data Systems, Inc., a diversified telecommunications service company, provides wireless and wireline telecommunications services in the United States. The company?s wireless services comprise postpaid and prepaid service plans, which consist of voice minutes, messaging, and data services; national consumer plans; business rate plans; smartphone messaging, data, and Internet services to access the Web, e-mail, social network sites, text, picture and video messages, and turn-by-turn GPS navigation, as well as to browse and download various applications; and data services, including news, weather, sports information, games, ring tones, and other services. It provides wireless devices, such as handsets, modems, and tablets; and a range of accessories comprising carrying cases, hands-free devices, batteries, battery chargers, and memory cards, as well as wireless device repair services. The company also offers voice services, including local and long-distance tel ephone service, voice over Internet protocol, voice mail, caller ID, and call forwarding services; broadband services comprising digital subscriber lines and other high-speed Internet data services; network access services; hosted and managed services consisting of co-location, hosting, hosted application management, and cloud computing services; and satellite and terrestrial video services to commercial and residential customers and carriers. In addition, it provides printing and distribution services. As of December 31, 2011, the company served approximately 5.9 million wireless customers and 1.1 million wireline equivalent access lines. It sells its products through retail sales and service centers, direct sales, and independent agents, as well as through Website and telesales. Telephone and Data Systems, Inc. was founded in 1968 and is headquartered in Chicago, Illinois.
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