8 years ago
SEC settles with Barclays, CS over dark pools
The Securities and Exchange Commission announced settlements with Barclays and Credit Suisse for violating federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool. The…
8 years ago
Economist says to lighten up on CEO pay scrutiny
Scrutiny over boards of directors’ decisions about executive pay at top firms has been overblown, according to Edwin Locke, professor emeritus at the Robert H. Smith School of Business at the University…
8 years ago
Castlemain dives head-on into liquid alts
In a rare move, Castlemain Funds is making its liquid alternatives debut with not one, but five newly registered funds, according to Oct. 13 filings with the Securities and Exchange Commission. Read…
In a recent decision, the US Supreme Court unanimously decided in Tibble v. Edison Int’l that employers have a fiduciary responsibility over its 401(k) plan it offers its employees and must continually…
Labor Secretary Thomas Perez has hinted that the US Department of Labor could be making additional revisions to the controversial proposal that would make it more flexible. Read the full story from…
8 years ago
Market anticipates Northstar fallout
In the wake of the much-discussed Northstar v. Schwab case, mutual funds should be on the lookout for a potential influx of litigation from the precedent case sets, according to John Clabby, of counsel, and…
Morningstar has released its second annual report assessing oversight of US asset management firms. The agency culled the data from a survey, looking at issues such as manager tenure and retention, fees, stewardship…
A new paper in the Harvard Business Law Review argues that mutual fund boards should not be treated like corporate boards, in particular because of their unique relationship with their shareholders who…
The Securities and Exchange Commission has settled charges against World Funds Trust board of trustees and advisor, Commonwealth Capital Management, for coming to an advisory fees agreement based on incomplete or inaccurate information,…
In March, the Ninth Circuit Court of Appeals resurrected a mutual fund shareholder class action arising from the credit crisis, in a sweeping decision that appears to open up funds, advisers and…