Money Management Executive Latest News

New York State Attorney General Eliot Spitzer is in talks with Strong, Janus, Bank One and BoA to to find individual settlements with his office, Bloomberg reports.

A senior partner of Spear, Leeds & Kellogg, a trading arm of Goldman

The National Association of Securities Dealers is investigating Prudential Securities to see if illegal late trading has been conducted out of the company’s Boston office, The Wall Street Journal reports.

The Securities and Exchange Commission and National Association of Securities Dealers have announced a series of actions resulting from their examination of mutual fund breakpoints. The regulators directed securities firms to assess their treatment of breakpoints in the sale of mutual fund A shares.

Lockwood Advisors introduced the last phase of its product expansion Tuesday – a mutual fund access program that closely mirrors that of separately managed accounts (SMAs).

Alliance Capital and Deutsche Bank are two other giants that New York’s top regulator may come down on next, according to reports this morning in The New York Times and Reuters.

Besides the almost $163 million he has already earned in the past five years, ousted Putnam CEO Lawrence Lasser might be entitled to as much as $89 in additional compensation, an analyst told The Wall Street Journal.

The SEC charged a former Prudential branch manager and five of his ex-brokers Tuesday with repeatedly timing the market, in the latest chapter of the growing mutual fund scandal.

After questioning an employee with ties to the maligned hedge fund company Millenium Partners LP, New York state investigators may be close to arresting him, sources told Reuters Friday.

Matthew Fink, president of the Investment Company Institute, made an obvious reference to a recent filing by the Jacob Internet Fund during the ICI’s conference call on mutual fund reforms Thursday.