- Money Management Executive
Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.
April 16 -
Non-bank financial companies-including mutual fund operators-should get ready to find out whether they will be designated a "systemically important financial institution," aka, SIFI, now that the Financial Stability Oversight Council released final rules on April 3, according to Federal Reserve Chairman Ben Bernanke.
April 16 -
On April 16, the Securities and Exchange Commission charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in an abusive naked short selling scheme involving billions of dollars of sham trades.
April 16 -
Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.
April 13 -
MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.
April 13 -
On April 13, 2012, MassMutual's Retirement Services Division has added three new sales directors to its sales and client management organization: Dararith Ly; John Randall and Raymond Zittlow.
April 13 -
On April 13, Touchstone revealed its growth plans to MME.
April 13 -
On Aprill 11, a pair of academics from the Lubin School of Business at Pace University released their findings on corporate culture as it relates to funds' performances.
April 13 -
On April 12, Cogent named nine fund firms that were most likely to gain business from affluent investors.
April 13 -
On April 11, the ICI said investors yanked $4.7 billion from stock mutual funds.
April 13