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Investors shut out of the record settlement between regulators and 10 Wall Street firms accused of gross misconduct during the fast and furious days of the bull run, can further pursue civil action against the firms, the Securities and Exchange Commission said.

The Stanton Group and LOMA have teamed up to conduct a new survey that tracks compensation of portfolio managers according to fund performance and size. Results are expected to be published in September and are intended to help fund companies pay portfolio managers on a more consistent basis.

Mutual funds are facing their greatest challenges in their existence. Can they remain the dominant investment of choice?

What better pairing than two individuals who like to stir things up? Outspoken industry pundit Roy Weitz, publisher of FundAlarm.com, recently weighed in on some of the pressures facing the mutual fund industry with Jack Bogle, founder and former chairman of Vanguard and a notoriously outspoken defender of the investor.

When it was adopted by Congress, "catch-up" seemed like a surefire attraction for older workers.

Baron Capital of New York, the broker/dealer affiliate of mutual fund asset management firm BAMCO and the distributor of shares of four Baron Funds, has been sanctioned by the Securities and Exchange Commission. Also, Ronald Baron, 59, BAMCO's highly visible founder, chairman and chief executive, and two of the firm's traders were punished for their ill deeds.

Janus Capital Group Inc. has moved to expand its Asian distribution by signing an agreement to offer its funds through 30 Taiwan banks. The move comes as its assets under management fell again in the first quarter.

Fear and loathing of lost wages and dramatically depressed stock prices have young investors losing sight of their retirement goals.

Delaware Investments of Philadelphia and Linsco/Private Ledger (LPL Financial) of San Diego and Boston have wrapped up the details of an agreement to partner for a brand new mutual fund wrap program that will launch in September with a $15,000 account minimum.

Fidelity Investments has appointed William C. Carey president of Fidelity Institutional Retirement Services Co., the nation's largest 401(k) plan provider.

Northern Trust is selling Northern Trust Retirement Consulting to Hewitt Associates. The division provides 200 companies and more than one million participants with defined benefit, defined contribution, recordkeeping and customer service, including health administration services for retirees.

Faced with its weakest quarterly revenue level in over four years and running out of room to cut costs, Charles Schwab said it would look at other ways to increase income and shore up profits.

Mutual fund complexes are beginning to realize that implementing anti-money laundering programs requires more than just flag-waving. In fact, the rules are complicated, expensive and, because they are being set in stages, confusing.

Wachovia Corp. agreed to acquire the retirement-services recordkeeping and third-party servicing business of PFPC, a member of The PNC Financial Services Group.

Faced with its weakest quarterly revenue level in over four years and running out of room to cut costs, Charles Schwab said it would look at other ways to increase income and shore up profits.

Hedge funds are the latest investment vehicle to be put through the ringer as the Securities and Exchange Commission mulls more stringent regulation.

PALM DESERT, Calif. - The mutual fund industry is entering a "new era of accountability" and should prepare to take a leadership role in restoring investor confidence.

Participation in 401(k)s has dropped to 73%, its lowest number since 1991.

An amended lawsuit just filed against a UBS Paine Webber/Mark Advisors hedge fund could bring to light some of the biggest challenges faced by the growing number of firms sponsoring SEC-registered hedge funds. The suit challenges earnings and investment representations, and raises questions about how these funds are explained to brokers and marketed to investors.

House Financial Services Capital Markets Subcommittee Chairman Richard H. Baker (R-LA) dashed off a letter to Securities and Exchange Commission Chairman William Donaldson last Wednesday asking the SEC to look into mutual funds fees. Fee tables aside, Baker asserted investors are "ignorant" of how much they are paying.