Money Management Executive Latest News

The Securities and Exchange Commission has filed a complaint against Barry Bingham and Bingham Capital Management Corp. Between mismanagement and misappropriation of funds, Bingham completely depleted the assets of Bingham Growth Partners, a hedge fund managed by the company.

The U.S. Court of Appeals for the 11th Circuit in Atlanta is challenging one of the Securities and Exchange Commission's key legal tools, according to a report late last week from The Wall Street Journal, and it could lead to a restructuring of the regulator's use of what's commonly known as civil injunctions.

The low cost, tax efficiency and transparency of exchange-traded funds continues to attract investors, according to the Investment Company Institute.

One-third of working adults are delaying their retirement plans for financial reasons according to research released by Boston fund giant Fidelity Investments.

By pushing through its controversial independent chairman rule in the final hours of former chairman William H. Donaldson's tenure last month, the Securities and Exchange Commission jeopardized its power going forward, according to a leading law scholar.

Marsh & McLennan Senior Vice President and Chief Financial Officer Sandra Wijnberg will be resigning in March, the company announced Monday.

Contrary to what most people think, private equity does not outperform the S&P 500, net of management fees, or other public benchmarks by 4% to 6% annually, according to a recent Journal of Finance study.

Although we are currently in the midst of a mutual fund scandal, Dow Jones reports, Americans are investing in mutual funds more now than ever before, according to a study by the Investment Company Institute.

Those who painted the town red because of Morgan Stanley $50 million class-action lawsuit over its mutual fund sales practices can stop their reveling, Investment Executive reports.

The recent indictment of four brokers and a floor clerk by federal prosecutors and the Securities and Exchange Commission over the infamous "squawk-box case," has brought to light a troubling and persistent reality on Wall Street: Big institutional investors run the risk every day that their orders will somehow be leaked and it will open the door for others to profit by snatching up the best stock prices before the behemoths' trades can be executed.