For some very small mutual
companies, a full-time staff isn't required.
Spitzer, who launched the first mutual
fund investigations in early September, has been quoted saying the scandal is bigger than just "excising a few bad apples from the industry," suggesting that improper short-term trading may have skimmed more than $4 billion a year from investors.
In addition to the mutual
funds themselves, the other major casualty of the scandal has been the reputation of the industry's primary regulator, the Securities and Exchange Commission.
On October 30, the House Financial Services Capital Markets Subcommittee held a hearing to discuss market structure issues and, more particularly, mutual
In short, a mutual
fund offers virtually every asset class, whether you are looking for fixed income, gold, real estate or commodities.
The potential for customer confusion clearly exists when mutual
funds are sold to the public by depository institutions, given their traditional insured deposit activities.
There would be a single, consistent basis for mutual
fund accounting instead of two often contradictory and misleading bases.
help groups usually include activities such as the following in the plan for a scheduled meeting:
gt;From the City of Lights to its home town of Beantown, Liberty Mutual
has quietly grown from its original niche--workers' compensation--to a multiline, multi-country company writing $12.
Variable annuities and mutual
funds often compete for the same investment dollars because, like a "family" of mutual
funds, a variable annuity allows the holder to invest in a similar range of professionally managed securities portfolios.
1, the company merged into Farm Bureau Mutual