Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
The Securities and Exchange Commission has named Jennifer McHugh, a senior adviser to Chairman Mary Schapiro, the acting director of the Division of Investment Management, replacing Andrew J. “Buddy” Donohue, who left his post on Nov. 19.
Like a lot of firms, Russell Investment has been waiting a long time for the SEC to approve its request to launch an actively managed exchange-traded fund. Today, Russell took the bull by the horns, purchasing U.S. One -- and with it, the RIA's actively managed ETF.
Doom-and-gloom analysts say high unemployment will hammer large-cap stocks next year. Richard Skaggs, chief equity strategist at Loomis Sayles, has a slightly different view.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
Don't hold your breath waiting for changes in mutual fund marketing fees.
Confluence will audit data through Oct. 29; 'the year of transparency'
Financial advisers and mutual fund executives are increasingly worried that the latest insider trading probe will result in regulations limiting how active fund managers are allowed to use outside research, hurting returns and prompting investors to flock to index funds.
