SEC Orders Mutual Funds to Cease Incentive Pay
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The Securities and Exchange Commission yesterday ordered mutual funds to stop paying higher commissions to brokers who promote the companies&#39; funds. The agency also required portfolio managers to reveal investments in funds they ...
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The SEC's new tool helps investors get the skinny on compensation.
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The chairman of the U.S. Securities  and Exchange Commission said on Tuesday that there is  opportunity to give mutual fund investors clearer information  so that they know how much they are really paying in marketing,  advertising and distribution fees.
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The Boston office of the Securities and Exchange Commission is conducting a &quot;mini-sweep&quot; of about two dozen mutual fund companies, to hunt for any improper trading by fund managers, traders, and other high-ranking insiders over the past three years, two SEC officials confirmed.
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Securities regulators are planning sanctions soon against a company that recently stopped selling high-fee mutual funds to military officers, people familiar with the situation said Friday. Some big fund companies say they may reconsider the so-called contractual plan funds.
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In its effort to cut down on the type of rapid, short-term trades in mutual funds that were at the center of the industry's market-timing scandal, Fidelity Investments has imposed new fees so stringent that major clients such as the Coca-Cola Co. 401(k) retirement plan have stopped investing in Fidelity's funds.
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_ State Attorney General Eliot Spitzer said he wand to end his office&#39;s investigations of investment banks, mutual funds and insurance companies and hand them over to federal regulators.
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The US Chamber of Commerce filed suit yesterday to overturn federal regulators&#39; controversial new rule that mutual funds have independent chairmen.
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Fidelity Investments, the world&#39;s biggest mutual fund company, has let go two employees and disciplined 14 others for violating its policy on gifts, the company said Thursday.
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In a major setback to the U.S.   Securities and Exchange Commission's efforts to regulate the   $1.3 trillion hedge fund industry, a federal appeals court on   Friday tossed out a rule requiring the investment pools to   register with the agency.
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TORONTO (CP) - The Ontario Securities Commission is warning four Canadian mutual fund managers of &quot;potential enforcement proceedings&quot; for improper trading.
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TORONTO (CP) - The Ontario Securities Commission has told four Canadian mutual fund companies they face &quot;potential enforcement proceedings&quot; for improper trading.
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The Securities and Exchange Commission has ordered Fannie Mae to restate its earnings for the last four years after concluding that it had violated accounting rules.
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The Securities and Exchange Commission is poised to curb fund companies from steering stock trades to brokerage firms that agree to sell their funds.
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The board overseeing MFS Institutional Emerging Equities Fund and MFS Institutional Mid Cap Growth Fund has voted to terminate the funds about Oct. 28, according to a Securities and Exchange Commission filing. It did not say why. Mid Cap Growth had about $17.8 million in net assets June 30; Emerging Equities had $56 million. Massachusetts Financial Services Co. is the ...
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Mutual fund companies in Boston say they have strict prohibitions against employees getting the kind of wining and dining and luxe entertainment that government regulators are investigating at Fidelity Investments, but industry officials and attorneys in the field contend such extravagance is nonetheless common in the investment world.
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Mutual fund giant Fidelity Investments has fired two employees and disciplined 14 others for violating company policy on accepting gifts.