Subject Root Tag

Regulators want it. Investors may want it more.

More than 8,500 mutual funds operate in the United States, sending out more than 350 million prospectuses each year on the investment purpose, contents and performance of their portfolios, by one estimate of the Securities and Exchange Commission. Average size: About 52 pages, each.

Issuance of Build America Bonds fell precipitously last month, but overall volume still managed to outpace market issuance in July 2009, according to preliminary data from Thomson Reuters.

The Securities and Exchange Commission has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

High yield bond funds took in nearly $1 billion for the week ending July 28 for the third largest weekly inflow of the year, according to a report published by Lipper FMI.

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

Following the SEC's unanimous vote to shed light on 12b-1 fees, the consumer press is now running with the story. An Associated Press story over the weekend provides something of a "crib sheet" on how the fees were first instituted in 1980, and how much investors are unwittingly paying for the services these fees cover.

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring Baby Boomers.

Ma-Apfel joins a pair of recent big hires from major custodians.

If you’re a fan of bonds issued in local currencies, your job just got slightly easier.

New client relationships and the retention of existing clients helped Fortigent, LLC report its best six month period ever on Thursday.

Janus, a fund shop known for nurturing growth-fund talent, turned to its value-oriented subsidiary, Perkins Investment Management, to co-manage a new fund targeted to risk-averse retiring baby boomers.

Rate Climate Spurs Fewer Waivers.

The Securities and Exchange Commission Thursday charged Citigroup with misleading investors about its exposure to subprime mortgage-related securities.

In their first presentations to analysts after the financial reform bill passed, some bank executives treated the landmark legislation like any other facet of business, sandwiching relevant cost estimates between the usual slides on capital ratios and credit losses.

Fidelity Investments is seeing a definite increase in the number of “breakaway” brokerage teams going independent.

Nuveen Investments Inc. announced Thursday it will buy FAF Advisors from U.S. Bancorp.

Now that Congress has passed the Restoring American Financial Stability Act of 2010, more commonly known as the Dodd-Frank bill, it is useful to stand back and assess what Congress did and did not do in this legislation. As with most contested legislation, it is not as extensive as some had hoped and, naturally, it is deemed excessively burdensome by others. But in the quiet period following final passage, we can now separate the likely impact of the bill from the rhetoric and evaluate it in a dispassionate light.

In a sign that the economy has a long way to go, U.S. small business owners’ confidence hit its lowest point in 29 quarters, according to the latest Wells Fargo/Gallup Small Business Index, conducted in July.

The insurance company made a series of changes to its college-savings program, including a new business relationship with Upromise and new age bands in the age-based portfolios.