Money Management Executive Latest News

An NASD arbitration panel has ordered Wachovia to pay a broker it fired three years ago over market timing allegations $3.8 million.

New York Attorney General Eliot Spitzer filed a lawsuit against J.W. Seligman and its president, Brian Zino, on Tuesday in the New York Supreme Court, charging the company with entering into “rampant” market-timing arrangements. The suit also names Seligman’s fund distributor and shareholder services agent.

New York Attorney General Eliot Spitzer filed a lawsuit against J.W. Seligman and its president, Brian Zino, on Tuesday in the New York Supreme Court, charging the company with entering into “rampant” market-timing arrangements. The suit also names Seligman’s fund distributor and shareholder services agent.

Unit investment trusts are no longer just for municipal bonds, according to a report from the Associated Press.

MFS Investment Management and Putnam, both of which have been bleeding investor assets for months, may not be able to make it on their own, but to competitors, they might very well seem like an attractive bet, according to Dow Jones.

A majority of mutual fund companies fail to include valuable investment information on their websites, according to a report from Corporate Insight.

The EDGAR system is about to get a makeover.

firstRain , a Foster City, Calif.-based research service firm, upgraded its research service adding "ecosystem" coverage for companies in the Standard & Poor's 500 and the Russell 3000.

Fidelity has inked an agreement with American Airlines in an effort to help its brokerage products take off in a fiercely competitive environment.

Many in the mutual fund industry expect the Securities and Exchange Commission to give an extension on the Oct. 16 deadline for the anti-timing Rule 22c-2 in the coming days, as many intermediaries have not entered into information-sharing agreements with fund companies and not all fund firms have found a way to extract individual shareholder and trade data from omnibus accounts, The Wall Street Journal reports.