- Money Management Executive
Janus Capital is again battling charges related to market-timing and after-hours trading. But this time, Janus says West Virginia Attorney General Darrell McGraws suit is precluded by settlements with the Securities and Exchange Commission and other state regulators.
May 23 - Money Management Executive
Two lawmakers introduced a bi-partisan bill last Tuesday that would permanently preserve the tax exemption on qualified withdrawals from 529 college savings plans, the so-called sunset provision that is set to expire after 2010.
May 23 - Money Management Executive
Maintaining highline performance in its mutual funds is a key strategy for MFS Investment Management to regain its position in the marketplace, according to C. James Prieur, president and chief operating officer of MFS parent Sun Life Financial. Prieur made his remarks at a recent UBS Global Financial Services Conference in New York.
May 23 - Money Management Executive
WASHINGTON Recent growth trends in the asset management business indicate that brand and reputation have become increasingly important, as abusive mutual fund trading practices have prompted investors to vote with their feet.
May 23 - Money Management Executive
WASHINGTON Texas financial adviser Carl Stuart has a message for mutual fund wholesalers, Yall stop by, yahear.
May 23 - Money Management Executive
Former head of Canary Capital Partners, Edward Stern, testified recently that a former BoA broker was largely unaware of any illegal trading activity taking place at his firm. Stern made his recent remarks at the criminal trial of former Bank of America broker Theodore C. Sihpol III.
May 23 - Money Management Executive
WASHINGTON It was a first for the largely introspective ICI: Uncut, plain-speaking videotapes of investors on their mutual fund holdings and, all too often, a dim view of the industry (see ICI Rolls Unvarnished Shareholder Videotape, www.mmexecutive.com, 5/12/05).
May 23 - Money Management Executive
WASHINGTON The Investment Company Institute is strongly supporting a new piece of legislation called The Growth Act, or Generating Retirement Ownership Through Long-Term Holding.
May 23 - Money Management Executive
WASHINGTON Electronic communication, the way of life and doing business that it has become, demands greater vigilance on the part of mutual fund IT and legal experts.
May 23 -