Monetta Funds Drop Sales Charges
By Staff WriterDec. 3, 2004 -- Monetta Funds eliminated sales charges this week on its five mutual funds that carried them in an effort to increase sales. Three Monetta stock funds had carried maximum 5.75% sales charges, or front-end loads, as had its balanced fund and its bond fund. The Monetta Fund...
December 06, 2004
Koken And Iuppa To Lead NAICMembers of the National Association of Insurance Commissioners have voted to make 3 temporary officers official 2005 officers.[@@]The state insurance commissioners who belong to ...
December 06, 2004
Regulators To Ask IRS About ReservingThe National Association of Insurance Commissioners has voted to talk to the U.S. Treasury Department about tax issues affecting insurers.[@@]A tax talk motion passed ...
December 06, 2004
NAIC Broker Comp Model May Arrive By ChristmasReassuring customers about insurance broker compensation "is all about trust."[@@]William Newton, executive director of the Florida Consumer Action Network, Tampa., Fla., delivered that message ...
December 06, 2004
Repko In As President Of ISCEBSNU Online News Service, Dec. 6, 2004, 4:22 p.m. ESTA Brookfield, Wis., benefits group has elected 2005 officers.[@@]The new president of the International Society ...
December 06, 2004
Affluent Investors Show Little Change in MoodCHICAGO (HedgeWorld.com)--Spectrem Group announced that its Affluent Investor Index, which measures the investment outlook of households with US$500,000 or more in investable assets, rose slightly in November, although it remains in neutral territory. Meanwhile, the more exclusive Spectrem Millionaire Index remained on the bullish side in November, at a level...
December 06, 2004
BISA Survey Detects Slowing SalesNU Online News Service, Dec. 6, 2004, 5:12 p.m. ESTBank-based brokers are reporting a 24% drop in productivity for September.[@@]Brokers who work in banks ...
December 06, 2004
FASB Issues Proposal on Fair Value MeasurementsThe Financial Accounting Standards Board has issued a proposed statement, Fair Value Measurements, which would provide guidance for how to measure fair value. The proposed statement seeks to establish a framework that would improve the consistency, comparability and reliability of fair value measurements and would apply broadly to financial and...