Money Management Executive Latest News

The Securities and Exchange Commission is investigating two executives at Bear Stearns for improper mutual fund trading.

WASHINGTON - The days of the SEC's five-year examination cycle are over, as more stringent oversight has set forth a new regime under which mutual fund chief compliance officers must keep their heads on a swivel.

As lawmakers in Washington continue their high-profile debate over Social Security privatization, mutual fund industry insiders are quietly conducting their own deliberations on the issue.

As President Bush pushes the issue of retirement investing to the forefront with his plan to partly privatize Social Security, leading fund complexes are responding to the heightened awareness by rolling out a number of new products.

Borrowing a strategy straight from the playbook of its longtime chairman, Edward "Ned" Johnson III, Fidelity Investments has quietly built one of the industry's biggest brokerage houses.

Fidelity Investments, already top dog among U.S. mutual fund complexes in the retirement field, is positioning itself to get an even bigger chunk of the market.

Stephen Cutler, Director of the Securities and Exchange Commission's Division of Enforcement, has announced that he intends to leave the Commission in about a month to return to the private sector.

A.G. Edwards & Sons took millions of dollars in secret kickbacks to promote some mutual funds, a class-action lawsuit filed on behalf of investors alleges.

The mutual fund industry might be appeasing investors by cutting management fees, but it's yet to embrace the performance-based fees its loosely regulated counterpart, the hedge fund industry, has used to its advantage.

Former Morgan Stanley manager Carolyn Patton has joined Janus Capital Group, to serve as director of global consultant relations, providing further proof that the Denver-based fund manager is serious about beefing up its advisory presence.