Money Management Executive Latest News

SEC regulators are considering a fraud charge against Fidelity Investments that would assume that the firm's defrauding, in reference to the company's stock trader gift scandal, was unintentional, according to a Boston Globe report.

The former chief executive of OppenheimerFunds parent Mass Mutual Financial Group, Robert O'Connell, is under investigation by the SEC, according to reports. O'Connell was fired from the firm in June on grounds of misconduct.

Fidelity Investments is long used to being at the top of the ladder of success. However, the nation's No. 1 mutual fund company always sees room for improvement, especially when it comes down to money management for large institutions, an area where Fidelity could really use some improvement.

Oppenheimer Holdings is bracing for the NASD to recommend action against its Chairman and Chief Executive Officer Albert G. Lowenthal for breakpoint neglect.

Discount broker E-Trade Financial announced Tuesday it would acquire Massachusetts-based asset manager Kobren Insight Management for an undisclosed amount.

The Securities and Exchange Commission has settled a cease-and-desist proceeding against the Utah Educational Savings Plan Trust (UESP), but the action might be more noteworthy for the singular detail that the regulator has asserted itself in previously uncharted territory, rather than the fact that beehive state investors were bilked thousands of dollars.

Two former executives within the asset management unit of Citigroup will fight Securities and Exchange Commission charges that they siphoned nearly $100 million from mutual fund investors through a finely executed, behind-the-scenes scheme involving a questionable transfer agent setup.

There was a good reason why former Securities and Exchange Chairman William Donaldson chose as his last official act a vote to reapprove controversial mutual fund governance reforms.

The NASD last Tuesday issued its long-awaited, controversial notice to members regarding equity index annuities (EIAs), sending ripples through the annuity and brokerage industries.

In the wake of the London subway and bus bombings, top concerns among affluent Americans have shifted from the economy to terrorism, safety and security.