- Money Management Executive
The Electronic Compliance Foundation (ECF) is drafting a no-action letter to the Securities and Exchange Commission asking the SEC to permit investors to obtain more investment information on-line.
March 1 - Money Management Executive
As Jan. 1, 2000 approaches, financial service company executives are finding that there really are two year 2000 problems.
February 22 - Money Management Executive
A lawsuit filed this past July alleging securities fraud against Investment Adviser's, Inc. (IAI) of Minneapolis is continuing to twist its way through the legal system. In the meantime, the fund which is the target of the suit has revealed that approximately 65 percent of its portfolio is illiquid.
February 22 - Money Management Executive
A New York federal court judge has dismissed the second of five cases which challenge the independence of mutual fund directors based on their allegedly high pay.
February 15 - Money Management Executive
Lawyers have become clear beneficiaries of fights over the performance of closed-end funds and it is the shareholders of closed-end funds who are primarily paying for the lawyers' good fortunes.
February 8 - Money Management Executive
A federal court judge has dismissed a lawsuit against T. Rowe Price Associates, giving support to mutual fund industry executives' contentions that fund directors do not lose their independence by serving on more than one mutual fund board.
February 1 - Money Management Executive
Worth Bruntjen, a former portfolio manager for the asset management unit of the Piper Jaffray Cos., last week agreed to pay $100,000 to settle SEC charges that he misled investors about his derivative investments from 1992 through at least April, 1994.
February 1 - Money Management Executive
The most important issue addressed in this year's SEC letter to CFO's is the requirement that funds include in their reporting of revenue, payments, in cash or kind, they receive from broker/dealers for sending them business. The letter also reminded CFOs of the requirement that funds update their performance bar chart information to reflect the most recent quarterly or year-end performance, said Kenneth Domingues, chief accountant of the SEC's Division of Investment Management.
February 1 - Money Management Executive
The SEC has fined three independent fund directors for their alleged conduct in supervising a money market fund whose net asset value (NAV) dropped below $1.00 per share in 1994.
January 25 - Money Management Executive
A US Supreme Court action last week is expected to contribute to an increase in the number of patents financial services firms seek.
January 18