Protecting Grandma From Elder Abuse
Imagine a broker driving an 83-year-old widow with Alzheimer's to local banks so that she can withdraw over $1 million from CDs.
Vanguard Offers Retirement Plan Tools for Mobile Devices
The fund giants says retirement plan participants can now trade and make other account transactions through their cell phones and tablets.
Measuring Dodd-Frank’s Effectiveness and Impact on Advisors
Reform that was meant to be bipartisan has turned into a political football. And if the Republicans gain control of Senate and White House . . .
SEC Tells ICI That Derivatives Disclosure Needs Improvement
In a July 30 letter to the Investment Company Institute (ICI), the Securities and Exchange Commission (SEC) urged funds that used derivatives to "assess the accuracy and completeness of their disclosure."
Boomers lead movement into bonds
Investors could be setting themselves up for heartbreak though. John Lonski, a Moody's economist, told the Journal that investors' need to put cash in safe...
? The Investment Company Institute's Board of Governors has elected Edward Bernard, vice chairman of T. Rowe Price Group, to serve as chairman of the...
ICI Supporting New Labor Dept. Plans
The Investment Company Institute has commended the Department of Labor for its comprehensive approach to disclosure for 401(k) plans, including proposed rules that will help...
Industry Groups Support SEC Summary Proposal
The fund industry's Investment Company Institute says it agrees with federal regulators over the practice of supplying fund investors with short, simple summary prospectuses. The...
Boards Boost Oversight, Study Says
In the past 10 years, fund boards have steadily augmented their oversight role on behalf of shareholders without any regulatory mandate to do so, reports...
NEWS & PRODUCTS, June 2007
SEC Chairman Christopher Cox said the SEC's examination of what goes into a 401(k)--such as expenses of the underlying funds--which the regulator is performing in...