Securities regulators are turning their attention to making sure investors are fully aware of newly enacted safeguards aimed at disclosing obscure fees sometimes hidden in mutual funds' prospectuses, The Washington Post reports.
After spending months hammering out new regulations requiring fund companies to highlight fees, the
Regulators may solve the problem through a variety of strategies, such as requiring fund distributors to collect investors' signatures on new point-of-sale forms that fully disclose commissions.
Congressional financial watchdogs like Richard C. Shelby (R-Ala.), who is head of the Senate Banking Committee, endorse additional regulatory moves that clarify mutual fund fees for investors.
The average investor has a basic grasp of annual investment management fees, which are clearly outlined in prospectuses, but other broker compensation schemes and trading costs remain less transparent, regulators say. The
-
The CFP Board promised to enhance its review processes after an investigation found major shortcomings. A new analysis of CFP data found that the problem has only gotten worse.
1h ago -
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
July 16 -
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
July 16 -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
July 16 -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
July 16 -
The accusations led to the end of 16 years at the firm.
July 15