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SAN FRANCISCONot surprisingly, the mutual fund scandal is a hot topic of conversation at Charles Schwab & Co.s yearly IMPACT conference. According to Jeff Lyons, Schwabs executive vice president for mutual funds, the firm has received several...
SAN FRANCISCO, Nov. 12—The market Charles Schwab & Co. has paved for itself—catering to mid-level investors without using commission-based pay scales—has become more crowded in recent years. In a session entitled “The...
SAN FRANCISCO, Nov.12 -- With the securities industry continuing to be rocked by near-daily revelations of mutual fund malfeasance, the yearly IMPACT conference hosted by the proudly scandal-free Charles Schwab & Co. this week would seem to be an...
Morgan Stanley has announced it is conducting an in-house conflict-of-interest probe. The firm’s chief executive officer Philip Purcell, speaking at the Securities Industry Association’s national conference in Florida this past week...
If you didn’t already know the New York Stock Exchange was waist-deep in turmoil, Dan Webb’s presence there would be a good indication of something amiss. Like many a troubled institution before it, NYSE has hired Webb, one of the...
Boca Raton—SEC Chairman William Donaldson's favorite word is distressed—at least that was true during both his speech to the Securities Industry Association annual meeting and the press briefing that followed. It was somewhat ironic...
Boca Raton, Fla.--Nov. 6. It's the best of times and the worst of times for the securities industry, said Marc Lackritz, the president of the Securities Industry Association. In kicking off the SIA's annual meeting this morning, Lackritz said that...
The investigation into mutual fund trading abuses is widening, with the release of a complaint filed by the Massachusetts Securities Division against brokers who formerly worked in Prudential Securities’ hub office in Boston. The brokers&...
The investigation into mutual fund breakpoints shows that investors were consistently overcharged for mutual fund purchases when they should have been discounted.
The mutual fund trading scandals headlines seemed to implicate mutual fund family executives and hedge funds—everybody but individual retail brokers and brokerage management. But a new survey by the SEC charges that brokers with abusive...
