This is the year for the SEC to settle the 12(b)-1 issue. Securities and Exchange Commission Chairman Christopher Cox has pledged to examine the fee system, questioning whether the use of 12(b)-1 fees has moved away from the original intent, which was to cover marketing and distribution expenses.
As 2008 gets under way, publicly traded money manager stocks' ability to hold up to the market pressure that felled other financial services stocks last year is being questioned.
Assets invested in exchange traded funds grew by $32 billion, or 5.5%, to $608 billion in November.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
GSO Capital Partners is an alternative asset manager specializing in leveraged finance.
The HFR Fund Weighted Composite Index advanced 0.68% in December and gained 10.4% in 2007.
Despite fierce competition, mutual fund net sales will grow at 2% annually, hitting $340 billion by 2012, FRC predicted.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
The center features a search functionality that allows customers to identify ETFs that meet certain investment criteria.
European assets in ETFs surged 27% to €89 billion ($131.2 billion) in 2007, according to data released by Deutsche Bank.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Putnam Investments is paying the price for calling the bottom in financial stocks too early.
If advisers haven't heard of extensible business reporting language, or XBRL, they soon will.
The SEC is looking at capping the 12(b)-1 marketing and sales charge fees that fund investors pay and is preparing to issue a proposal early this year concerning the approximately $12 billion a year paid in such fees.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
One way or another, the fallout from the subprime mortgage meltdown and the broader credit crunch is expected to alter the complexion of the alternative investments industry in the year ahead.
The fund is designed to give investors exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.
Great American Insurance is accused of submitting a false insurance premium quote.
