Special Program Root Tag

Many fund companies fail through their wholesaling process to provide the information financial advisers seek, said speakers at SEI Investment’s Annual Mutual Fund Distribution Symposium.

The Securities and Exchange Commission has decided to extend the deadline for the redemption fee rule, Rule 22c-2, past Oct. 16.

The Securities and Exchange Commission has barred James A. DeMatteo from the securities industry.

UBS Global Asset Management has introduced the UBS U.S. Equity Alpha Fund, a core equity holding that seeks to generate alpha - excess return over a benchmark - by investing in both long and short positions.

Concerned that as the 77 million Baby Boomers, or those between the ages of 42 and 60, begin to retire and draw down their 401(k)s and other retirement accounts that their assets under management will shrink considerably, fund companies are shifting their attention to the nation’s 45 million Generation Y, those between the ages of 18 to 27, The Wall Street Journal reports.Although only about a third of those Gen Y’ers who are working contribute to their 401(k), fund giants are taking innovative approaches to convince them to do so, resorting giving out iPods and music downloads, pizza parties, events with bungee jumping, fake letters from parents, chat rooms an iPod downloads. Fidelity is even developing new products specifically for Generation Y.

The Bush Administration has proposed making it easier for companies to automatically enroll employees in 401(k) plans by relieving them of liabilities should a worker experience investment losses in the default choices, the Associated Press reports.

The Securities and Exchange Commission has charged Scott Monson, the former general counsel of J.B. Oxford, for allowing customers of the brokerage firm to make late trades and market time mutual funds.

BISYS reached a settlement with the Securities and Exchange Commission for $21.4 million on charges it rebated more than $230 million in fees to 27 fund companies over a period of five years to keep them as clients.

Although stock-market scandals wracked the securities and mutual fund industry in India for a decade, mutual funds are now investors’ top choice, Asia Times reports.

The Securities and Exchange Commission has sanctioned principal Jeffrey Dunham of Dunham & Associates Investment Counsel and his company for soliciting more than $350 million from nearly 1,700 investors to invest in a common trust fund that, in turn, placed the money in 13 unregistered mutual funds between August 1999 and November 2004.

Seven major corporations have been sued for allegedly allowing mutual funds firms to charge millions of dollars in excessive 401(k) fees through hidden revenue-sharing agreements, the Los Angeles Times reports.

An NASD arbitration panel has ordered Wachovia to pay a broker it fired three years ago over market timing allegations $3.8 million.

New York Attorney General Eliot Spitzer filed a lawsuit against J.W. Seligman and its president, Brian Zino, on Tuesday in the New York Supreme Court, charging the company with entering into “rampant” market-timing arrangements. The suit also names Seligman’s fund distributor and shareholder services agent.

New York Attorney General Eliot Spitzer filed a lawsuit against J.W. Seligman and its president, Brian Zino, on Tuesday in the New York Supreme Court, charging the company with entering into “rampant” market-timing arrangements. The suit also names Seligman’s fund distributor and shareholder services agent.

Unit investment trusts are no longer just for municipal bonds, according to a report from the Associated Press.

MFS Investment Management and Putnam, both of which have been bleeding investor assets for months, may not be able to make it on their own, but to competitors, they might very well seem like an attractive bet, according to Dow Jones.

A majority of mutual fund companies fail to include valuable investment information on their websites, according to a report from Corporate Insight.

The EDGAR system is about to get a makeover.

firstRain , a Foster City, Calif.-based research service firm, upgraded its research service adding "ecosystem" coverage for companies in the Standard & Poor's 500 and the Russell 3000.

Fidelity has inked an agreement with American Airlines in an effort to help its brokerage products take off in a fiercely competitive environment.