- Money Management Executive
The Securities and Exchange Commission has received offers from several high-profile New York Stock Exchange firms to settle improper trading allegations, The Wall Street Journal reports. And so far, the SEC's answer has been "not good enough."
February 17 - Money Management Executive
The editors of Money Management Executive want to know how Fundgate has affected your sales environment, customer service approach and communications at your firm. Our first questionnaire on Eliot Spitzer, the Investment Company Institute and regulatory reform was successfully completed last month. Keep an eye on MME for the results.
February 17 - Money Management Executive
The New Jersey attorney general's office is expected to file charges against Allianz Dresdner Asset Management, parent company of the Pimco Funds, on Tuesday for allowing market-timing business, the Associated Press reports.
February 17 - Money Management Executive
Employees handling three FleetBoston mutual funds, including one designed for kids, allowed market timing, The Wall Street Journal reports, citing the company itself and individuals privy to the trades.
February 17 - Money Management Executive
Franklin Resources Inc.s legal problems were extended Thursday to the tune of a massive class-action lawsuit filed by California investors stemming from market-timing issues.
February 17 - Money Management Executive
The global hedge-fund industry saw record inflows of an estimated $60 billion in net assets in 2003, according to a preliminary report by Tass, the research arm of U.K.-based Tremont Capital Management.
February 16 - Money Management Executive
The combined assets of exchange-traded funds fell just shy of $160 billion in December, topping November's inflow of $132.7 billion and increasing nearly 50% on December 2002's inflow of $102.1 billion, according to the ICI.
February 16 - Money Management Executive
The world's top mutual fund company has found that tabbing stocks is not the only way to make big money.
February 16 -
Robert Pozen, Massachusetts Financial Services' newest chairman, says the punishment doesn't fit the crime at his new firm.
February 16 -
Three U.S. Senators introduced new legislation last week aimed at reforming the $7.4 trillion mutual fund industry. The Mutual Fund Reform Act of 2004 would not only stamp out abusive trading practices but also overhaul the hidden fee structure imposed on shareholders.
February 16