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Showing 1 - 10 of 180 results for "Mutual funds"

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... several failures by J.P. Morgan Securities and J.P. Morgan Investment Management, including recommending more expensive mutual funds when almost identical ETFs were available much cheaper. J.P. Morgan Securities (JPMS) and J.P. Morgan Investment Management ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... CMOs to the market. In one example, MIMBT executed 465 internal cross trades between a selling account and 11 retail mutual funds above independent current market prices. This resulted in the retail mutual funds absorbing losses that otherwise would ...

Northern Trust Asset Management hires head of global ETFs, funds

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... Asset Management. He's also previously held managing director roles at BNP Paribas and Bear Stearns & Co. "NTAM's mutual funds and ETF are designed to provide best-in-class investment solutions for our clients, leveraging our decades of experience and ...

Major themes to watch in the ETF space

ELIZA BAVIN  |  THURSDAY, 23 MAY 2024
... Management head of wholesale in Australia and New Zealand Mark Carlile said he has seen investors moving away from mutual funds and into ETFs. "That is happening in the US especially. We think that will continue and we haven't even scratched the surface," ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. In the case of greenwashing, the SEC found that DWS made "materially misleading statements about its controls ...

Bloomberg pays US$5m in SEC charges

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... adhere to methodologies it had previously disclosed. It alleged Bloomberg was aware that its customers, including mutual funds, may use BVAL prices to determine fund asset valuations, including valuing fund investments in government, supranational, agency ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... February 2020, the Securities and Exchange Commission alleged Goldman Sachs had several failures in relation to two mutual funds and one separately managed account within the Fundamental Equity group. These were the Goldman Sachs ESG Emerging Markets ...

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
BlackRock will allow individual investors in select mutual funds in the UK to engage in proxy voting via its technology platform Voting Choice. BlackRock chair and chief executive Larry Fink said it's clear investors don't want to sit on the ...

BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
... Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it managed. On Monday, the SEC announced that from July 2018 to September 2021, BNY Mellon implied that all investments ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... advisory services to US registered investment funds for the next decade. It has been given 10 weeks to transition the US mutual funds it currently provides these services to another investment adviser and four months for the US closed-ended funds it ...
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