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Add target-date funds to the list of headaches for advisers and investors.
May 10 -
WASHINGTON—The Department of Labor and the Securities and Exchange Commission on Thursday issued an investor bulletin on target-date funds to better explain their intended function, glidepaths and appropriate use (see “SEC, DOL to Require More Target-Date Info,” MME 5/3/10).
May 9 -
WASHINGTON—The Securities and Exchange Commission is set to issue new rules on the use of derivatives in mutual and exchange-traded funds, Andrew “Buddy” Donohue, director of the division of investment management, told executives Friday at the Investment Company Institute’s General Membership Meeting.
May 9 -
Theres a move for more transparency in target-date funds, although some market observers are convinced they wont solve the current problems.
May 7 -
WASHINGTON - Securities and Exchange Commission Chairman Mary Schapiro today said the SEC is embarking on a nationwide inquiry into municipal securities that will lead to specific recommendations for changes to laws and regulations to better protect investors and the market.
May 7 -
Investors gravitate to bonds, alternative investments and international equities.
May 7 -
The Financial Industry Regulatory Authority is preparing to take enforcement action against certain firms for selling municipal bonds to retail customers without disclosing material information, including that the bonds credit ratings had been spiraling downward, a FINRA official said Thursday.
May 7 -
WASHINGTON - The $12 trillion mutual fund industry will hit record sales of 20% or greater in 2010, driven by continued demand for bonds, alternative investments and international equities, Strategic Insight projects.
May 7 -
The new program provides advisor coverage for B and C clients as well as recruitment gaps.
May 6 -
The Boston-based company launched the suite of services to help advisors meet regulatory requirements
May 6
