SEC tells funds to end perks
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The Securities and Exchange Commission ordered mutual funds to stop paying higher commissions to brokers who promote the companies' funds and required portfolio managers to reveal investments in funds they supervise.
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Goodbye Social Security, pensions, company health benefits and job security. Let the people decide what to do with their own money, as this new age&#39;s popularizers say.
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The U.S. Securities and Exchange  Commission pushed ahead on Wednesday with reforms of the  $7.5-trillion mutual fund industry amid scandals that have  shaken fund investors' confidence.
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The Securities and Exchange Commission is considering whether to abandon an unpopular proposal that was designed in part to curtail improper mutual fund trading, according to a published report Thursday.
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As investors swear off their bad habits and make promises for the coming year, they would be wise to leave room on their to-do lists for a review of their mutual fund holdings.
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The nation&#39;s accounting rule maker decided yesterday that companies will have to begin deducting the value of stock options from their profits next year, reining
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U.S. SEC reporting rules that govern listed companies are too much for Creative, which has renewed plans to delist its shares.
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First it was Fidelity, the second-biggest mutual fund family in the United States. It announced 12 days ago that it was slashing the expense fees on five of its index funds.
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After last week&#39;s settlement with San Francisco investment adviser Garrett Van Wagoner, you have to wonder how serious the Securities and Exchange Commission is about protecting mutual fund shareholders.
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The nation&#39;s accounting rulemaker decided Thursday that companies will have to begin deducting the value of stock options from their profits next year, a move cheered by shareholder advocates but scorned by many companies who rely heavily on options to
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Phillip Goldstein, manager of a small hedge fund company, likes to stretch the definition of activist investor. He's challenged the managers of closed-end funds and questioned the judgment of the U.S. markets watchdog, the Securities and Exchange Commission.
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NYSE Group , which operates the New York Stock Exchange, has requested relief for one month from compliance with certain securities regulations taking effect on Monday.
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U.S. Securities and Exchange Commission (SEC) reporting rules that govern listed companies are too much for Creative Technology, which has renewed plans to delist its shares from the Nasdaq stock exchange.
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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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Bank of New York Co. Tuesday said regulators are looking into mutual-fund transactions that were cleared by the company's Pershing LLC unit.
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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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(InfoWorld) - U.S. Securities and Exchange Commission (SEC) reporting rules that govern listed companies are too much for Creative Technology, which has renewed plans to delist its shares from the Nasdaq stock exchange. "The administrative overhead and cost of the evolving and increasingly burdensome U.S. reporting obligations has become significant," the company said Thursday, announcing plans to end its U.S. listing on Aug. 1. Less than 10 percent of Creative's trading volume takes place on Nasdaq, it said. "Creative believes the costs of maintaining its Nasdaq listing and continuing with its U.S. reporting obligations are no longer in the best interest of the company and its shareholders," it said. Creative's shares will continue to be traded on the Singapore stock exchange. Creative, which makes MP3 players and PC sound boards, has been down this road before. In 2003, Creative announced similar plans, saying the volume of shares traded in the U.S. was low and most analysts that cover the company are based in Singapore, where its headquarters are located. The delisting plans were announced then also held out the possibility of reducing the company's administrative overhead and cutting costs. "We believe it is in our shareholders' best interest that we initiate steps that can facilitate the elimination of our SEC reporting obligations and our intended delisting from Nasdaq," the company said at that time. The 2003 delisting plans were never realized. Whether or not Creative proceeds with its delisting plans this time remains to be seen. The company announced plans to file a formal delisting notice with the SEC on July 23, but reserved the right to delay or withdraw the filing for any reason. Once the filing has been submitted, Creative's shares can be delisted within 10 days. Assuming Creative goes through with its delisting plans, the company must continue reporting financial results under SEC rules for at least one year after its delisting.