Money Management Executive Latest News

ING is launching a registered indexed annuity, called Select Multi-Index, in May, which it is voluntarily registering the indexed annuity with the Securities and Exchange Commission.

NEW YORK -- Designated market makers are disappointed the Securities and Exchange Commission didn't grant them an exception to the new rule banning short sales on plummeting stocks, but they are already anticipating lucrative trading opportunities just before a stock hits the rule's sweet spot.

The U.S. Supreme Court's recent rejection of the fund fee case Jones v. Harris Associates will make it easier for shareholders to sue mutual funds for excessive fees, but it won't make it easier for them to take an excessive fee case to trial, let alone win.

SEC May Put Cap on Derivatives Exposure

Confidence among millionaire investors rose in March, according to a Spectrem Group monthly survey, even as confidence amongst affluent investors declined.

UMB Fund Services has renamed its Alternative Investment Services division JD Clark & Company, the company said today.

Broadridge Financial Solutions Inc. and International Business Machines have announced an information technology services agreement and signed a business alliance.

Health savings accounts (HSAs) are unlikely to cover healthcare costs in retirement unless contribution limits on the plans are raised and interest rates rise, the nonpartisan Employee Benefit Research Institute (EBRI) said in a new report.

Charles Schwab Corp. violated federal laws when it failed to get shareholder approval before putting approximately half the assets of its YieldPlus mutual fund into uninsured mortgage-backed securities, a federal judge ruled.

In a case involving two former employees of Fidelity Investments, a federal judge has ruled that the Sarbanes-Oxley law protecting whistle-blowers at publicly traded companies also extends to mutual fund firms.