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The justices unanimously ruled in favor of two Gabelli Funds LLC officials seeking to block SEC claims that they improperly let a client engage in market timing, a practice of making frequent, short-term trades at the expense of other investors. They contend the SEC missed the five-year deadline to file the lawsuit.
February 28 -
Many financial advisors hesitate to use social media because they are concerned about compliance. This is certainly understandable, but current rules allow plenty of flexibility to use social media effectively.
February 27
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William Galvin, Secretary of the Commonwealth of Massachusetts, today called out Charles Schwab & Co. for recently changing up its customer arbitration agreements by striking its investors ability to join class action lawsuits.
February 26 -
The SEC plans to take a close look at potential conflicts of interest in the investment-advisor practices that its examiners oversee, and will ramp up scrutiny of the marketing and performance claims of federally registered advisors, according to the examination guidance the agency recently issued for the coming year.
February 25 -
The Year of the Snake began on February 10. According to Chinese folklore, this year will be known for steady progress and attention to detail.
February 22 - Money Management Executive
Are active exchange-traded funds just a gimmick? And is there a resolution in sight for any potential further reform of the money market mutual fund industry?
February 22 - Money Management Executive
The largest purveyor of money market mutual funds in the United States this month told the Financial Stability Oversight Council that no further reform of such funds is necessary.
February 22 -
Mike Tyson is preparing for another fight -- this time, with his former financial planner.
February 22 -
A Phoenix registered investment advisor has agreed to pay nearly $275,000 to the SEC in a case stemming from the sale of a stake in his firm -- at an allegedly inflated price -- to a client.
February 22 -
In her first extensive interview since becoming the lead Democrat on the House banking panel, Rep. Maxine Waters says she has learned a lot from watching former Rep. Barney Frank's leadership and will strive to emulate his example.
February 19
