Money Management Executive Latest News

The nations largest mutual fund company has done it again.

While calling a real estate management and development companys case against longtime tenant Bank of America audacious, a New York Civil Court judge has ruled that the landlord, Solow Building Co., can ask BoA to leave the building.

WASHINGTON Perhaps the mutual fund industry could borrow a page or two from the playbook of Gordon M. Bethune.

In the May 9 issue (see Fund CCOs Tackle E-mail Retention), Jim Volk was quoted without proper attribution. He is chief compliance officer and chief accounting officer for SEI Investments fund accounting and administration business.

The American Council of Life Insurers vocally applauded the U.S. House Ways & Means Committee for its recent hearing on retirement security. The organization stated that it "strongly supports" efforts that help Americans prepare for a new era of retirement.

The Securities and Exchange Commission on Thursday announced nearly $2.4 million in penalties in relation to actions brought against three hedge fund advisers, Galleon Management, L.P., Oaktree Capital Management, LLC and DB Investment Managers, Inc., for violations of Rule 105 of Regulation M.

Janus Capital Group Inc. has yet to sue former Bank of America broker Theodore Sihpol III over late mutual fund trades he made for Edward Stern's hedge fund Canary Capital Partners, the chief compliance officer of Janus testified Wednesday at Sihpol's fraud trial, Bloomberg reports.

SunTrust Securities and the Securities and Exchange Commission have reached a settlement over mutual fund breakpoint violations. The settlement is concurrent with cease-and-desist proceedings against the broker-dealer. Consequently, SunTrust has agreed to issue refunds with interest compounded , in addition to a commitment to stay away from any future breaches of security regulations.

NEW YORK--Social Security cannot be viewed in isolation but in combination with the tandem looming crises of soaring Medicare and Medicaid costs, U.S. Comptroller General and GAO Chief David M. Walker warned at a press conference Wednesday.

The nation's largest mutual fund company has done it again.