SEC Bars Mutual Fund Payoffs to Brokers
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The U.S. Securities and Exchange  Commission pushed ahead on Wednesday with reforms of the  $7.5-trillion mutual fund industry amid scandals that have  shaken fund investors' confidence.
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The Securities and Exchange Commission voted 5-0 Wednesday to prohibit mutual-fund firms from directing business to brokers as a reward for selling fund shares to investors.
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The Securities and Exchange Commission adopted new rules ensuring it can sue hedge funds for misleading investors, following a court ruling that put in doubt the regulator's authority over the $1.6 trillion industry.
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NEW YORK -- Just a year ago this week, New York Attorney General Eliot L. Spitzer shook the financial services industry -- and investor confidence -- by revealing that four big-name mutual fund companies had cut secret deals allowing a New Jersey hedge fund to profit from short-term trading at the expense of ordinary investors.
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Securities regulators sued two former financial advisers at Morgan Stanley  on Friday for defrauding about 50 mutual fund companies by hiding certain hedge fund trades worth billions of dollars.
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Mutual fund companies have felt the pain of fines since New York Attorney General Eliot Spitzer uncovered the trading scandal one year ago Friday. But investors have administered the harshest punishment.
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A new SEC rule may not solve all your woes with brokers.
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A rule change at the New York Stock Exchange will allow brokers on its trading floor to handle non-NYSE listed stocks, in a move meant to stem trading share losses to newer competitors.
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Misconduct in the U.S. mutual fund  industry is not limited to fund share trading; it's not even  limited to funds, say market regulators.
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CHICAGO _ Discount brokerage Charles Schwab Corp. on Tuesday settled regulators&#39; allegations that it allowed scores of improper mutual fund trades, agreeing to pay a $350,000 fine.
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ZURICH, Switzerland -- Credit Suisse suspended a number of traders in connection with a $2.85 billion overvaluation of assets.
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The U.S. Securities and Exchange Commission (SEC) has suspended trading for 35 companies that allegedly benefited from spam e-mail campaigns to hype their stocks.
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A San Francisco investment adviser for mutual funds will pay $30 million to settle charges that it secretly allowed favored clients to conduct frequent short-term trading, in violation of the funds&#39; rules and in exchange for extra fees, regulators said
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Citigroup Inc  has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported on Friday.
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The U.S. Securities and Exchange  Commission voted 5-0 on Wednesday to adopt a temporary rule  letting Wall Street brokers continue to promote themselves as  investment advisers without registering with the commission  under adviser regulations.
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Investors in the market for mutual funds may want to consider a promising alternative: shares of asset management companies that sell the funds.
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NEW YORK, Nov. 8 -- The Securities and Exchange Commission is investigating whether more than a dozen big brokerage firms failed to execute certain trades at the best possible prices for individual investors, sources familiar with the probe said.