Subject: File No. S7-03-13
From: Michael Gauding

August 8, 2013

Elizabeth M. Murphy
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

 

Dear Elizabeth Murphy:

To Whom It May Concern

In light of the 2010 regulatory reforms instituted by the SEC, money market funds are working well.  We urge the SEC not to regulate MMFs out of existence since there are no other financial products available that provide the same flexibility, yield and value as MMFs.

Sincerely,

 

Michael Gauding