In the Margins
FINRA has fined Morgan Stanley Smith Barney $1.5 million for failing to deliver prospectuses to clients, the result of technical failures—including a broken online link that prevented access to the documents. According to the FINRA settlement, a November 2013 system update failed to ensure an appropriate online link was installed for clients who wanted to review certain fund prospectuses. Read the original story from InvestmentNews.
Most Read
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...