The Mutual Fund Scandal's Next Chapter

Article Abstract:

Securities industry regulators are now monitoring two important developments in the mutual industry so that another market timing scandal will be avoided. Mutual fund managers need to price their portfolios accurately on a daily basis and to avoid excessive fees. Regulators are especially concerned about corporate and municipal bond funds whose prices remain stagnant even when Treasury securities waiver. These prices help to motivate market timing for brokers who take advantage of prices that are askew and misleading to investors.

Commodity & service prices, Prices and rates, Bond funds, Company pricing policy, Market timing

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Why the Secrecy About Financial Covenants?

Article Abstract:

The trend towards increased corporate cooperation in providing disclosure statements to investors has not reached the level of revealing financial covenants made between companies and their lending banks. Financial covenants include statistical details and agreements the corporations have made to secure loans. Because businesses do not reveal them, investors are challenged when trying to uncover the reasons loans are recalled due to corporate violations of the covenants.

Reporting & Disclosure, Financial Regulation & Reporting, Banking industry, Disclosure statements (Accounting), Bank loans, Financial disclosure

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U.S. Cautions Bank on Fees Intended to Steer Retiree Accounts

Article Abstract:

In order to eliminate conflicts of interest, the Department of Labor has issued an advisory that financial services cannot accept payments from mutual fund companies in exchange for placing retirement customers' investments in their funds.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Management investment, open-end, Dept of Labor, Financial services industry, Reports, Retirement income, United States. Department of Labor

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