Mutual fund companies living by the adage "out of sight, out of mind" are stepping up efforts to fend off industry reforms as media coverage of the far-reaching scandals gradually diminishes, USA Today attests in its editorial pages.
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A decade after the SEC first raised concerns about outsourced CCOs, the model is growing. But the fundamental tension remains: How many firms can one person truly oversee, and at what risk?
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
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Ameriprise's proposal to raise CEO James Cracchiolo's total compensation by 8% would put him far ahead of many of his direct counterparts at regional firms.
Commonwealth was hit with the landmark penalty over its advisors' mutual-fund recommendations the year before its acquisition by LPL Financial. But it will pay only a fraction of that now.
A new study finds that the industry's efforts to recruit more women is paying off — but it will take further investments to reap the potential business opportunities.
