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The B in B shares stands for "Bogus."
March 10 -
It takes money to make money, the adage goes, and this is no less true for the mutual fund industry. The sale of B shares requires up-front capital to compensate brokers, and at the same time generates an asset-based income stream that varies according to the fortunes of the market. To ease both of these pressures, fund companies have securitized 12b-1 fees, basically selling off that future income for a set period of time, in exchange for an up-front lump sum.
March 10 -
Sarbanes-Oxley? It sounds more like a debilitating disease than a remedy for corporate malfeasance.
March 3 -
By John C. Wilcox, Vice Chairman, Georgeson Shareholder Communications Inc.
February 24 -
Shareholder resolutions reached a record number this year - 862, up from 802 last year - according to a proxy season overview report by prominent activist proponents.
February 17 -
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If you are looking for corporate integrity, check out the mutual funds. In our lifetime, we have seen major scandals or collapses of the banks, savings and loans institutions, the life insurance industry, big businesses - even religious organizations.
February 17 -
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President Bush's plans to radically change the way Americans save for retirement offer many interesting proposals, due to their simplicity and their availability for all. But it remains to be seen whether Congress will pass these sweeping changes into law.
February 10 -
An inadvertent administrative glitch can be a fund advisor's worst nightmare, especially when the renewal of a fund's advisory contract is botched.
February 10