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Mutual fund investors in a class-action lawsuit against five mutual fund companies that permitted market timing said they will appeal their case, in which they seek $500 million to $600 million additional compensation above the $205 million restitution they got in settlements with the Ontario Securities Commission.
February 10 -
ETF Securities has registered another precious metals exchange-traded fund with the Securities and Exchange Commission, the ETFS Precious Metals Basket Trust.
February 10 -
Total assets in the U.S. ETF industry fell 5.8% in January from a month earlier.
February 10 -
Fee-based financial advisers are grappling with the fallout from the crash of 2008 and see tactical asset management as the way to navigate the current market, according to a survey of 750 advisers by Jefferson National.
February 10 -
RidgeWorth Investments has launched planadvisortools.com, a website dedicated to the needs of retirement plan advisers.
February 10 -
They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth.
February 10 -
Borthwick and Carnoy to share responsibilities; Hume-Kendall named chairman of group
February 10 -
WASHINGTON The Municipal Securities Rulemaking Boards net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.
February 10 -
WASHINGTON A draft version of a Senate jobs bill widely circulated Tuesday included provisions that would allow several tax-credit bonds to be treated like Build America Bonds through the end of 2010, with issuers receiving a direct subsidy payment from the federal government instead of providing investors with a tax credit.
February 10 -
E*Trade has expanded its advice offerings with the addition of actively managed portfolios of non-proprietary mutual funds or exchange-traded funds. They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth. The service, residing on PNC Managed Investments’ platform, will also be automatically rebalanced to ensure proper diversification.
February 9
