Mutual funds

The FINRA Investor Education Foundation issued a new research report-Financial Fraud and Fraud Susceptibility in the United States-which reveals that over 80% of respondents have been solicited to participate in potentially fraudulent schemes, and over 40% of those surveyed cannot identify some classic red flags of fraud.

Fidelity Investments opened its new regional office near Denver with a ceremonial ribbon-cutting event attended by Governor John Hickenlooper; Mayor Pro Tem of Greenwood Village Gary Kramer; representatives from the local business and nonprofit communities; and Fidelity executives and associates.

BNY Mellon Wealth Management’s recruiting campaign is in full swing. The wealth manager recently hired two senior directors of business development, the latest in a flurry of hires to boost its sales force by 50% by the end of 2014.

Executives at mutual fund companies, asset management companies and support providers rated client reporting--which included any reporting that is created for the purpose of distribution to clients--as their top challenge followed closely by risk management in Money Management Executive's third annual Operations Survey.

Goldman Sachs will replace Bank of America Corp., Visa will replace Hewlett-Packard and Nike will replace Alcoa in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 20.

How to do more with less? It is a key challenge facing all investment management industry participants, as they strive to deliver outstanding customer service while wrestling with intensifying regulatory demands, and the need to manage risks and control costs.

Heartland Funds is taking a fresh approach to registered investment advisor distribution, utilizing social media, video technology and an advisory council to better support advisors. These tools help the firm more efficiently use its resources to find out what advisors want and then tailor a support strategy based on this feedbac

John Roth, manager of Fidelity Investment's New Millennium Fund, opens up to MME about the tensions between active and passive management, hard lessons learned during the financial crisis of 2008, and the biggest challenges he sees ahead.

Oppenheimer Funds and Putnam Investments have won top honors in the 11th annual NOVA Awards for innovation in the investment management industry.

John Roth, manager of Fidelity Investment's New Millennium Fund, opens up to MME about the tensions between active and passive management, hard lessons learned during the financial crisis of 2008, and the biggest challenges he sees ahead.

Institutional demand for exchange-traded funds (ETFs) has increased markedly in recent years, fueling rapid growth of a product originally geared towards retail investment, says Moody's Investors Service in its new special comment "ETFs: Increased Liquidity and Product Range Drive Institutional Participation."

Bloomberg -- Technical malfunctions at stock exchanges around the world are putting their owners’ credit ratings in jeopardy, according to Standard & Poor’s.

Oppenheimer Funds and Putnam Investments have won top honors in the 11th annual NOVA Awards for innovation in the investment management industry.

Despite continued economic and market uncertainty, most financial advisors still expect 2013 to be a good year according to a new poll released today by SEI. In fact, the vast majority of advisors polled (75%) think business profits will be better this year than last.

BNP Paribas Corporate and Investment Banking has made appointments in its Equity Derivatives Business in New York as part of its continued focus on the business in the Americas.

Bloomberg -- Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by FINRA.

Bloomberg -- Morgan Stanley Chief Executive Officer James Gorman said his personal investments include municipal bonds and a biotech fund, while he favors global equities for his children’s accounts.

Bloomberg -- JPMorgan Chase & Co., seeking to end probes of a trading debacle that damaged its reputation for risk-management, agreed to pay about $920 million for failing to implement adequate controls and providing incomplete information to regulators and its board.

According to Federated Investors' 2013 Investor Mindset Survey, high-net-worth investors will begin making a decisive shift in their portfolios over the next 12 months with 24% planning to invest more in equities over the next year versus only 10% for bonds.

If forced to choose, most investors would seek to preserve capital rather than pursue higher returns, a survey by Natixis Global Asset Management has found.