In the Margins
The Securities and Exchange Commission has charged three units of American International Group with steering clients into more expensive mutual fund share classes so they could collect more fees. The firms—Royal Alliance Associates, SagePoint Financial, and FSC Securities Corp.—didn't admit or deny the charges, disgorged $2 million and paid a $7.5 million penalty. Read the original story from MarketWatch.
Most Read
In two weeks' time, independent mutual fund directors will gather in New York to discuss issues related board composition and diversity in the boardroom. The directors—and ...
Investment Company Institute CEO Eric Pan came out swinging on Tuesday, delivering keynote remarks to 2024 Investment Management Conference attendees in which he railed against "over-regulation" and vowed ...
A senior member of the Securities and Exchange Commission's Division of Investment Management on Monday indicated to mutual fund industry professionals that the Commission will not ...
Today is International Women's Day, and there's plenty to celebrate in the mutual fund governance space. Women have made strides in recent years in getting into ...