- Money Management Executive
Like death and taxes for the rest of us, Securities and Exchange Commission oversight will always be a concern for the mutual fund industry.
October 22 - Money Management Executive
Hedge funds in Europe have just proposed that they self-police, in an attempt to ward off regulation. They are offering to volunteer information about their holdings, risk management, governance and valuation techniques.
October 22 - Money Management Executive
Although it has been three years since Janus paid $226 million to settle market-timing charges, the Securities and Exchange Commission has taken three former Janus executives, Warren Lammert, Lars Soderberg and Lance Newcomb, to trial in Denver for market timing.
October 15 -
Fines, being barred from the industry and even facing years behind bars evidently won't deter some market timers looking for a quick, sure buck.
October 8
- Money Management Executive
The Securities and Exchange Commission has settled its lawsuit against Mutuals.com and two related investment advisors, Connely Dowd Management and MTT Fundcorp, along with the firms' three principals, Richard Sapio, Eric McDonald and Michele Leftwich.
October 8 - Money Management Executive
Four fund firms that manage closed-end funds were sanctioned and fined a collective $1.7 million on Sept. 28 by the Securities and Exchange Commission for not properly disclosing the true nature of shareholder distributions made under their fund's managed distribution plans.
October 8 - Money Management Executive
Fines, being barred from the industry and even facing years behind bars evidently won't deter some market timers looking for a quick, sure buck.
October 8 -
The President's Working Group on Financial Markets will form two private-sector groups to develop best practices for the hedge fund industry, and while it comes far short of requiring hedge funds to register with the Securities and Exchange Commission, this is welcome news, both for investors and the market.
October 1 - Money Management Executive
The Securities and Exchange Commission has charged five former portfolio managers of two registered investment advisory firms, LP Advisors and Freedom Capital, with allowing hedge fund clients to late trade mutual funds in 2002 and 2003. The five are David Byck, William Cole, Charles Irwin, Michael Price and Jay Sumner.
October 1 -
The President's Working Group on Financial Markets will form two private-sector groups to develop best practices for the hedge fund industry, and while it comes far short of requiring hedge funds to register with the Securities and Exchange Commission, this is welcome news, both for investors and the market.
October 1