Liquidating mutual fund

In fact, many brokerage accounts sweep cash into money market funds as a default holding investment until the funds can be invested elsewhere.

SEE: Money Market Money market funds seek stability and security with the goal of never losing money and keeping net asset value (NAV) at $1.

On April 18, 2016, each of the below debtors (the "Debtors") filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"). Cooley LLP The Grace Building 1114 Avenue of the Americas New York, NY 10036 T: (212) 479-6000 F: (212) 479-6275 https:// Carson Consultants LLC ("KCC”) maintains this website at the direction of Young Conaway Stargatt & Taylor LLP and Klee, Tuchin, Bogdanoff & Stern LLP, counsel to the Debtors.

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