Practice

OppenheimerFunds is paying $100 million to settle a class-action lawsuit against two of its funds, the Oppenheimer Champion and the Oppenheimer Core Bond funds

Fifty-five percent of men focus on planning their financial health at least once a week, compared to 42% of women, a survey by Genworth found. Nonetheless, more women than men believe financial well being is critical to maintaining a balanced life.

European hedge fund advisors will soon be faced with the same challenges – and requirements – as their U.S. peers.

European hedge fund advisors will soon be faced with the same challenges – and requirements – as their U.S. peers.

Outflows from long-term funds totaled $4.58 billion in the week ended July 20, the Investment Company Institute said.

A Fidelity Investments survey released on Thursday found that a majority of Americans do not understand how their pensions work.

National Planning Holdings, Inc., one of the nation’s larger independent broker-dealer networks, announced this week it has contracted with business technology firm Erado to supply its more than 3,500 affiliated representatives with compliance services for social media applications.

A Financial Industry Regulatory Authority arbitration panel has ordered Merrill Lynch to pay $8.1 million in compensatory damages to a family corporation that claimed the firm had breached its fiduciary duty with its investments.

MassMutual has made a number of enhancements to its RetireSMART target-date and lifecycle funds, most notably adding mutual fund options to its target-date series. Previously, only separately managed accounts through a group annuity contract were offered as target-date funds.

Americas Trading Group said it selected NYSE Technologies to provide the backbone for its high-performance execution platform.