Subject: File No. 4-619
From: Matthew Hackethal

August 16, 2012

Chairman Schapiro
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

Dear Chairman Schapiro:

I am writing to express my strong opposition to the various regulatory proposals being considered by the SEC with resepct to money market funds ("MMF"). I well understand that MMFs are investments which are not guaranteed by the government or anyone else.

My wife and I use a MMF as our main source of savings for our future purchase of a home. While neither retail MMFs or bank savings accounts are offering particularly attravctive yields these days, the yield on a MMF is still more attractive as opposed to a savings account. The MMF that my wife and I use offers easy access to the overwhelming majority of our savings and provides us with peace of mind that the money will be there when we need it. The concepts of floating net asset values and redemption holdbacks are an anathema.

Given the significant negative impact that any of these proposals will have on those who rely on money market funds, I hope that the SEC will take my views into consideration. I ask you to look closely at the fallout that would ensue and abandon the effort to regulate MMFs out of existence. Money market funds are working well and none of the alternatives available provide the same flexibility, yield and value.


Matthew Hackethal