Money Management Executive Latest News

Investors withdrew -$772 million from long-term mutual funds in the week ended Aug. 17, the Investment Company Institute reported. This was a 360-degree turn from the -$40 billion in redemptions the previous week—and a full $62 billion in withdrawals in four weeks prior.

A former Morgan Stanley Dean Witter stockbroker was sentenced this week to almost five years in prison and ordered to pay his former employer $1.5 million in restitution in connection with fraud charges.

The website of the Morningstar firm went down for an undisclosed period Tuesday, the same afternoon an earthquake rattled the East Coast from a site near Mineral, Va.

A new report just released by Moody’s Capital Markets Research Group says that the recent volatility of equities markets in the U.S. -- along with other dreary economic news -- is having an unmistakably negative impact on the nation’s economy.

Broker-dealers don’t have to track every message sent through social media -- only ones that relate to business purposes. And unscripted interactions? They can be reported after they occur.

While broker-dealers are placing increasing importance on home office model portfolios, the recent extreme market volatility has made many financial advisers and brokers skeptical of such asset allocation, a report from kasina finds.

In an effort to expand its annuity business, The Hartford is expanding into the structured settlement annuity market, providing tax-free payouts to people who receive settlements related to a workers’ compensation or personal injury claim.

The Securities and Exchange Commission has approved the creation of an interim inspection program related to audits of brokers and dealers.

Parents are on track to cover only 16% of their children’s college education, Fidelity Investments’ 5th Annual College Savings Indicator study shows. In the study’s five-year history, this is the first year that the indicator’s steady decline has come to a halt, at 16%.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.