The debate about high mutual fund commissions and conflicts at the point of sale should be put to bed because sales of funds with high upfront commissions are a small part of overall sales, according to a recently released report.
“We’re not going to move [the bill],” said Rep. George Miller, D.-Calif. “We don’t see the president signing it.”
Inflation rose 0.6% in May as skyrocketing food and energy prices boosted inflation by the largest amount since November.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
Total assets at the end of the month were $612 billion, according to State Street Global Advisors.
Ex-hedge fund manager Samuel Israel III disappeared Monday, hours before he was to begin serving a 20-year sentence.
A former SAC Capital Advisors LLC trader accused of workplace harassment is looking to raise $500 million for his own hedge fund.
Two-thirds of asset managers surveyed are planning to develop blended alternative investments or products.
NYSE Euronext filed proposed rules meant to allow the institution to become more competitive and efficient.
