Money Management Executive Latest News

By Steven Miyao Chief Executive Officer kasina

Former U.S. Federal Reserve Chairman Alan Greenspan said complying with Sarbanes-Oxley has prompted a number of U.S. firms going public to float their stock on overseas markets, the Financial Times reports. As a result, he predicts U.S. regulators will end up making changes to the regulations.

The industry's first crude oil exchange-traded fund has taken heat recently for allegedly being inappropriate for the average investor, and now the ETF community is firing back.

Investors should consider placing their money into emerging markets because they have strong economic ground rules and because they are great for diversifying portfolios, according to News Today.

Recent performance suggests that good things do, in fact, come in small-cap packages, leading to a run on small-stock-focused exchange-traded funds, according to a story in the Wall Street Journal.

The plan was far reaching, but the work was done from one place.

The Schwab 1000 Index Fund is celebrating 15 years without taxable capital gains distributions. It is the only fund of its age to be included in Morningstar's large-cap index category with such a record.

Mutual fund companies are waiting in rapt anticipation of finding out how long they will have respite from the independent chairman rule, which a Federal appeals court has sent back to the Securities and Exchange Commission for a 90-day review, The Wall Street Journal reports.

Leonard A. Reinhart, president of Lockwood, a service of Pershing LLC, has been selected as the new chairman of the Money Management Institute - the national organization for the separately managed accounts solutions industry. He will be replacing Mark Pennington, who is becoming chairman emeritus.

New York-based Rydex Investments announces this week that the Internal Revenue Service has cleared the company to use commodities-linked structured notes in its Rydex Commodities Fund through a private letter ruling.