SEC, FINRA, DOL Enforcement Roundup: Investment Advice From the Heavens
Recent enforcement actions included an astrology-based Ponzi scheme, along with fines for Morgan Keegan, Edward Jones and Janney Montgomery Scott.
Portfolio Products Round-Up: Neuberger Berman Files, J.P. Morgan Jazzes Fund
This week in portfolio products news, Neuberger Berman filed with the SEC for the introduction of two new mutual funds and J.P. Morgan added a new wrinkle to a bond fund. Also, Gemini Fund Services assisted in the launch of seven new alternative funds by independent advisors.
Hartford Investment Management Hires Manager From Neuberger Berman
Hartford Investment Management Co. announced Wednesday, July 7, the hiring of Ray Humphrey as senior vice president and senior portfolio manager with the company's Inflation Plus Fund and U.S. Government Securities HLS Fund.
Life After Lehman: Neuberger Berman Marks First Year of Freedom
Neuberger Berman celebrates its first full year of independence from the bankrupt Lehman Brothers, but the asset management firm continues to free itself from creditors' 48% ownership stake.