Asset managers, a state pension fund, investment advisers, and a consumer group are urging the Securities and Exchange Commission not to eliminate references to credit ratings from its Rule 2a-7 on money market funds, warning that funds and investors would be harmed as a result.

They made their pleas in comment letters sent to the SEC over rule changes it proposed in March to comply with a mandate imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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