Money Management Executive Latest News

As the SEC and the U.S. Chamber of Commerce get set to face off in federal court Friday over the independent director rule, key players in the case commented on the case for MarketWatch.

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

The upper-management shuffle at Janus Capital continued on Tuesday, as veteran portfolio manager Karen L. Reidy will move from the helm of the Janus Balanced Fund and into a strategic capacity for Janus CEO Steve Scheid.

Bank of America is launching a private banking unit for ultra-high-net-worth investors.

The Securities and Exchange Commission has instituted administrative and cease-and-desist proceedings against 20 former New York Stock Exchange specialists on charges of securities fraud and other improper trading practices.

As brokers and registered investment advisers brace for declines in fee income on the accounts of Baby Boom retirees drawing assets down, the head of Fidelity Investments' brokerage unit says "we don't know yet" how to deal with it - but that intermediaries must be flexible enough to adjust.

Chicago-based mutual fund tracker Morningstar said it is unsure what will become of allegations by the Securities and Exchange Commission that it overstated returns for the Rock Canyon Top Flight Fund last year.

Former Morgan Stanley manager Carolyn Patton has joined Janus Capital Group, as the Denver-based fund manager seeks to beef up its advisory presence, Financial News reports.

How, after alienating a good majority of the nation's most powerful financiers, is Eliot Spitzer well on the way to raising $50 million for his New York gubernatorial campaign? While his real-estate developer father largely backed his bid for New York Attorney General, who's bankrolling him this time?

WASHINGTON - For chief compliance officers, dealing with an SEC examination can be a painstaking process with many pitfalls.