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
The U.S. Supreme Court on Monday agreed to consider whether private parties should be allowed to bring claims that fund contracts violate the Investment Company Act ...
It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...