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Securities and Exchange Commissioner Paul Atkins has announced he will leave the agency when his term expires in June to return to the private sector.
May 6 -
The turmoil in the $330 billion auction rate securities (ARS) market has spurred a series of investigations by the Securities and Exchange Commission, the Financial Industry Regulatory Authority (Finra), and Massachusetts securities regulators. Congressional leaders are calling for relief, allowing mutual funds to provide liquidity to retail investors holding the securities.
May 5 -
A Federal appeals court yesterday upheld a 160-month, or 13-year, three-month, sentence for stockbroker and frequent CNN guest Todd Eberhard.
May 5 -
Seeking to leverage its strengths in mutual fund processing, Depository Trust & Clearing Corp. (DTCC) is readying a service that automates pre- and post-trade processes for the alternative funds market. The service is expected to launch next year, pending regulatory approval.
May 5 -
Asian investors fearing an extended bear market are moving their money out of riskier investments and into conservative safe havens. The mutual fund industry is responding to this shift by offering jittery investors alternative, more conservative products.
May 5 -
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Every 12 weeks Advisor Perspective.com looks at sales changes in the most popular mutual funds among the Registered Investment Adviser (RIA) and other "AdvisorPerspectives" (AP) universe.
May 5 -
WASHINGTON - The Office of the Comptroller of the Currency's $144 million enforcement order against Wachovia Corp. is likely to force banks to step up oversight of telemarketing customers.
May 5 -
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The U.S. House of Representatives is warning that raising long-term capital gains on mutual fund investors any higher than they already are will seriously impair the markets, shareholders and, eventually, retirees.
May 5