In the Margins
UBS Financial Services has lost an $18.6 million arbitration claim related to losses to clients who invested in Puerto Rico closed-end municipal bond funds. The FINRA award was the "largest to date" having to do with Puerto Rico bond funds, according to a FINRA spokeswoman. Read the original story from InvestmentNews.
Most Read
Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...
Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...