Compliance

The family of deceased Circle T Partners hedge fund manager and frequent CNBC guest Seth Tobias is said to be near a settlement regarding his $25 million estate. Since 44-year-old Tobias’s mysterious death last September, his family and his wife, Filomena Tobias, have been disputing the circumstances of his death and the outcome of his estate.

Leading-edge technology has never been a hallmark of the Securities and Exchange Commission. While investment management has gone hand-in-hand with cutting-edge technology for the past quarter century, information technology typically accounted for just 8% of the Commission's annual budget in 2005, according to TowerGroup.

Ralph Cioffi and Matthew Tannin are close to becoming the first two criminal indictment casualties of the subprime crisis, The Wall Street Journal reports this morning.

Japan’s domestic asset management reports are not disclosing the way they vote on various resolutions brought up at annual shareholders meetings, according to the Nikkei Report. That disclosure could significantly improve corporate governance.

TIAA-CREF has launched a new service to help sponsors of 403(b) retirement plans meet new Internal Revenue Service requirements by Jan. 1, 2009.

The Securities and Exchange Commission just released its full summer agenda and according to SEC Chairman Christopher Cox, the commission’s only firm plans are that it will be extremely busy in the coming months.

Instead of reporting to Ayer, Mass., federal prison on Monday to serve a 20-year term for defrauding $450 million from investors in the failed Bayou hedge fund, Samuel Israel III has either committed suicide or left clues to make authorities believe he has.

NEW YORK – Timothy Geithner, president and CEO of the Federal Reserve Bank of New York, called for substantial reforms to the structure of the regulatory system of the U.S.

Big changes are brewing in the 403(b) world. For the first time in 40 years, the Internal Revenue Service is mandating new requirements that aim to make the plans more like 401(k)s.

The Securities and Exchange Commission doesn’t think there is a need for hedge funds to include certain derivatives when calculating how they report ownership stakes in companies, according to a June 4 letter.

Walter Ricciardi, the Security and Exchange Commission’s deputy director of the Division of Enforcement, announced he will retire this month to join the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner.

Welcome to Money Management Executive's 6th Annual Fund Operations Awards.

This Tuesday, June 3, the Senate Banking Committee will consider three nominations to the Securities and Exchange Commission, possibly paving the way for a number of mutual fund measures to be decided upon.

Many mutual fund industry analysts are skeptical that the Securities and Exchange Commission will take final action on any of its outstanding proposals this year, but if it does, the summary prospectus and XBRL tagging are likely to top the list, with a proposal on changes to 12b-1 fees to follow in 2009.

While not exactly a national victory for the mutual fund industry, a recent court ruling regarding "excessive fees" could set a strong precedent for further disputes.

After spending the past 10 months as acting chief, Securities and Exchange Commission Chairman Christopher Cox finally decided to name Rosalind Tyson the official director of the commission’s Los Angeles office – a region that covers Southern California, Nevada, Arizona, and Hawaii.

NEW YORK—The European Union’s UCITS, or “Undertakings for Collective Investment in Transferable Securities,” have been gaining tremendous traction throughout the EU, and even Latin America and Asia. Middle Eastern countries are even beginning to warm up to the instruments, as they are tightly regulated by their host countries and designed to protect the end investor.

The Senate Banking Committee will consider three nominations to the Securities and Exchange Commission this coming Tuesday, June 3.

Michael Iavarone may have rung the opening bell at the New York Stock Exchange yesterday and be poised, as owner of the magnificent Big Brown, to win the Triple Crown, but he can’t win them all.

In what some in the industry are heralding as a backhanded acknowledgement of 12b-1 fees, the Securities and Exchange Commission is reportedly considering putting a cap on the controversial level-loads.