Effective October 14, 2016, the SEC Money Market Reform regulation goes into effect whereby Mutual Funds must designate their prime and municipal money market funds to be either “Retail” or “Institutional”.
By July 1, 2016, TCA will no longer offer Prime or Municipal Money Markets – TCA will no longer custody, transfer in (ACATS and non-ACATS) or support trading of Prime or Municipal Money Markets.
If you've not done so already, please move from Prime or Municipal Money Markets to TCA’s FBO or a US Treasury or Government Money Market immediately.
Click to learn more: Reminder - Money Market Reform
Please contact your Client Service Advocate if you any questions or concerns about these posts.