Investors can say goodbye to $1 shares of money market funds and hello to $100 or even $1,000 shares — if the SEC requires the funds to float their net asset value, according to one ICI official.
Fidelity Investments is the latest financial firm to fire a shot across the Securities and Exchange Commission's bow regarding money market funds.
Quietly, JP Morgan has built a booming stock and bond fund business; tuning in to 'Dr. Kelly'
The Vanguard Group Inc. is dramatically stepping up its efforts to court financial advisers by doubling the number of sales reps who work with advisers.
Housing prices stablizing, and even rising in some areas, according to Tozer
Despite dire predictions, it was a very good year for municipal bonds last year. Many analysts are predicting more of the same. One possible hitch: bankruptcy negotiations currently being conducted by several cities could encourage scores of other towns to turn on their bondholders.
Former olympian, NFL star Willie Gault has been accused by the SEC of taking part in a scheme to artificially inflate the stock of a medical-device company that he managed.
Advisers seeking higher yields than money markets can offer
