Money Management Executive Latest News

The Securities and Exchange Commission has filed charges against Eugene Plotkin, a research analyst in the fixed income division of Goldman Sachs, and David Pajcin, a former employee of Goldman Sachs, for arranging an international insider-trading ring with personnel from both Goldman and Merrill Lynch.

Rising demand, fewer seats and steadily increasing fares have made the beleaguered airline industry attractive once again to investors, including mutual fund giant Fidelity, Bloomberg reports.

The American Stock Exchange has launched the very first ever oil exchange traded fund, which designed to track the price of oil. It began trading Monday at $68.25, according to TheStreet.com. Victoria Bay Asset Management will manage the United States Oil Fund.

Many investors do not realize that fund fees are important when making investment decisions, and instead are swayed by prospectus information even though they sense they are making a mistake, according to the Yale School of Management.

A recent AOL instant message survey shows that 80% of those polled between the ages of 22 and 34 and 65% between the ages of 35 and 54 use instant messaging as a source of communication throughout their daily lives. A workplace survey reveals that 28% of live chatters actually use instant messaging as a tool for communicating with clients. However, less than 20% of the online brokerage firms that Corporate Insight follows utilize live chat for brokerage-related servicing.

Congress will most likely make the Federal tax benefits permanent for 529 college savings plans, Dow Jones Newswires reports.

The Securities and Exchange Commission has named Andrew "Buddy" Donohue, Merrill Lynch's global general counsel, as the director of its division of investment management, a position that has been filled by two interim managers since Paul Roye's departure in February 2005.

With about 200 different exchange-traded funds on the market today, their popularity hardly ranks as breaking news. But in what would stand as the most recent in a growing spate criticism against ETFs, The Chicago Tribune suggests that they're not for everyone and that old-fashioned index funds, which arguably occupy the opposite end of the investing spectrum, are the better bet.

The U.K.-based arm of Fidelity International has sold its 10%-stake in the London Stock Exchange, according to Reuters.

Small-cap funds have outpaced large-cap funds for the past five years and small-cap portfolio managers expect their win streak to continue, USA Today reports.