Money Management Executive Latest News

Treadway Pays Second, $75,000 Fine to SEC Over Directed Brokerage

Hill Joins Dreyfus to Head Southern Sales Division

WASHINGTON-As the home office absorbs more of the functions formerly handled by financial advisers in the field, gatekeepers at these broker/dealers increasingly look for products that offer the total package: capacity, price, style, innovation and product support.

WASHINGTON-Most people are familiar with the saying "A Diamond is Forever" and know it is the slogan for De Beers diamond jewelry, as it has been used by the company for the past 59 years.

Generations X’s aren’t slackers; they just need more guidance, according to research sponsored by Charles Schwab.Those between 27 and 42 work hard, but they have more debt than cash, according to The Boston Globe. This, coupled with a distrust of financial services, means this generation lacks the guidance it needs to correct these problems.

Fidelity Investments and Wellington Management both increased their technology holdings in the first quarter, Bloomberg reports, citing regulatory filings. Altogether, Fidelity’s portfolios have a 20% exposure to information technology companies and 4.7% invested in telecommunication services companies.

Fidelity Investments said it didn’t sell 91% of its holdings in PetroChina, which invests in government-sponsored oil projects in Sudan, to appease activists, The Boston Globe reports.

A new mutual fund set to launch will allow average investors to invest in private equity, according to Dow Jones.

Although consumers are becoming increasingly conscious of taking care of the environment, there are not many options for investors to invest in alternative-energy and environmental technologies, according to BusinessWeek.Capitalizing on the shortage, Wall Street is creating new exchange-traded funds that provide investors with exposure to alternative energy companies in a straightforward, cost-effective way, yet without the risk of putting all their investments in one basket.

The Securities and Exchange Commission will create an office focused solely on returning restitution money to investors harmed by stock fraud, and one of its first missions will be to return the $3.4 million in fines and disgorgement to mutual fund investors impacted by the timing scandal, the Associated Press reports.The office makes sense, given how slowly the Commission currently is able to return the money, SEC Chairman Christopher Cox told a Senate appropriates subcommittee. The SEC has been working with the Treasury Department’s Bureau of Public Debt to invest money it collects in interest-bearing accounts.