Money Management Executive Latest News

The gap between wealthy and poor is widening, according to a new report by the World Institute for Development Economics Research at United Nations University.

Top regulators testified before the Senate Judiciary Committee on Tuesday that they are concerned about insider trading and a lack of transparency among hedge funds.

The majority of 401(k) investors are reluctant to review or actively manage their plan, a survey of 1,000 people by AllianceBernstein found.

Although they believe they are making correct 401(k) investment choices, a majority of investors fear that they won’t have enough savings to last them throughout their retirement years, according to a survey by New York Life Investment Management.

Pointing out how exchange-traded funds encourage short-term trading and are increasingly focusing on narrow sectors of the market, Vanguard founder John Bogle is again railing against the increasingly popular investment vehicles, Bloomberg reports.

Gutride Safier has filed a class-action lawsuit against Franklin Templeton in the United States District Court for the Northern District of California.

The merger between Mellon Financial and the Bank of New York is likely to spur additional mergers and acquisitions, analysts tell Reuters.

The Securities and Exchange Commission has announced possible topics for its ongoing CCOutreach seminars across the country next year, among them examinations, risk assessment and brokerage arrangements.

The federal government began requiring mutual funds last month to look out for and report suspicious customer activity, The Baltimore Sun reports. Looking to ferret out tax evaders, drug dealers, mobsters, gamblers and terrorists, the government requires firms to file suspicious activity reports (SARs).

The federal government began requiring mutual funds last month to look out for and report suspicious customer activity, The Baltimore Sun reports. Looking to ferret out tax evaders, drug dealers, mobsters, gamblers and terrorists, the government requires firms to file suspicious activity reports (SARs).