Review of current investigations and regulatory actions regarding the mutual fund industry

hearings before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, first and second session, on investigations and regulatory actions regarding the mutual fund industry and investors" protection, November 18, 20, 2003, February 25, 26, March 2, 10, 23, 31, and April 8, 2004
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U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. , Washington
United States. -- Securities and Exchange Commission, Mutual funds -- Corrupt practices -- United States, Governmental investigations -- United S
SeriesS. hrg -- 108-711
The Physical Object
Paginationvii, 1118 p. :
ID Numbers
Open LibraryOL14546815M
ISBN 100160744156
OCLC/WorldCa57535255

Review of Current Investigations and Regulatory Actions Regarding the Mutual Fund Industry: Understanding the Fund Industry from the Investor’s Perspective Date: Wednesday, Febru Time: AM. Review of current investigations and regulatory actions regarding the mutual fund industry: hearings before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, first and second session, on investigations and regulatory actions regarding the mutual fund industry and investors' protection, Novem.

The Committee will meet in OPEN SESSION to conduct the second in a series of hearings on the “Review of Current Investigations and Regulatory Actions Regarding the Mutual Fund Industry.” Witnesses. Review of Current Investigations and Regulatory Actions Regarding the Mutual Fund Industry: Fund Costs and Distribution Practices.

Topic. The Committee will meet in OPEN SESSION to conduct the nineth in a series of hearings reviewing the current investigations and regulatory actions in the mutual fund industry. The Committee will meet in OPEN SESSION to conduct the eighth in a series of hearings reviewing the current investigations and regulatory actions in the mutual fund industry.

The Committee will meet in OPEN SESSION to conduct the first in a series of hearings on the “Review of Current Investigations and Regulatory Actions Regarding the Mutual Fund Industry.” Witnesses Witness Panel 1.

Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection.

Mutual Fund Industry Handbook touches on all of those features, but it also focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry/5(15).

Mutual Fund Investors' Rights.

Description Review of current investigations and regulatory actions regarding the mutual fund industry FB2

Mutual Fund Investors Have a Right to an Investment Industry that Is Committed to the Highest Ethical Standards and that Places Investors' Interests First. Every brokerage and mutual fund firm needs to conduct a fundamental assessment of its obligations to its customers and shareholders.

 Commission or brokerage -Any commission or brokerage received from the underlying fund shall be credited into concerned scheme’s account. Fund of funds mutual fund schemes shall adopt either of the total expense structures laid out in Regulations, which Asset Management Companies shall clearly indicate in the Size: KB.

Investment funds are highly regulated and more transparent than many other managed investment products. Securities commissions in each province and three self-regulatory organizations ensure that the individual investor’s interests are well-guarded.

They set rules governing everything from how and when information about a fund must be provided to. Regulatory Actions This page provides links to releases concerning SEC rulemaking activity, including concept releases, proposed rules, final rules, interpretive releases, and policy statements. It also links to announcements concerning SRO rulemaking, PCAOB rulemaking, instructions for Exchange Act Exemptive Applications, other Commission.

The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry. The MFDA regulates the operations, standards of practice and business conduct of its Members and their representatives with a mandate to enhance investor protection and.

In most provinces, mutual fund dealers are regulated by the Mutual Fund Dealers Association of Canada (MFDA). All mutual fund dealers in these provinces must be a member of the MFDA. Investment dealers are regulated by, and must be members of, the Investment Industry Regulatory Organization of Canada (IIROC).

backbone of both the mutual fund industry and our securities markets, put their trust in the integrity of mutual fund managers and advisers, as well as in the financial advisers who assist their investment decisions and the brokers who implement their trade orders.

The interests of. Mutual fund is a mechanism for pooling money by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. Investments in securities are spread across a wide cross-section of industries and sectors and.

Enforcement also brings disciplinary cases on behalf of the securities exchanges with which it has entered into Regulatory Services Agreements (RSAs). These matters may be brought on behalf of a single exchange or, more commonly, may be brought as global settlements on behalf of multiple self-regulatory organizations, sometimes including FINRA.

Therefore, if a mutual fund is a commodity pool. and does not meet certain de minimis trading and marketing. thresholds, the mutual fund’s investment adviser must.

Download Review of current investigations and regulatory actions regarding the mutual fund industry PDF

FINRA is responsible for regulating every broker and brokerage firm doing business with the U.S. public. The selected statistics below are updated on a regular basis. Key Statistics for Regulatory Actions and Corporate Financing Review – Current Registration Statistics for December Registered Representatives Statistical.

Emergence of the Mutual Fund industry in India B. Structure of a Mutual Fund C. The Regulatory Framework (a) Mutual Funds (b) Sponsor (c) Trustees (d) Asset Management Company (e) Custodian (f) Schemes (g) Investment Criteria (h) Limitation on Fees and Expenses D.

Taxation of a Mutual Funds and its investors (a) Taxation of a Mutual FundFile Size: KB. Six firms investigated over pension exit and transfer charges This article is more than 4 years old FCA criticises some life insurers, with Prudential and Old Mutual among the companies under scrutiny.

Sweep information is used to focus examinations and pinpoint regulatory response to emerging issues. The number of firms included in targeted exams varies and the firms that are included are carefully chosen-in some cases only a few firms are included and in others, dozens.

Regulatory Response to the Mutual Fund Scandals § (Mutual Fund Reg., Rel. #2, 11/06) 28–5 emergence of massive financial outfits following a spate of mergers, and those financial outfits’ inability to be satisfied with the profits they earned from individual investors.2 Other commentators haveFile Size: 2MB.

REVIEW OF CURRENT INVESTIGATIONS AND REGULATORY ACTIONS REGARDING THE MUTUAL FUND INDUSTRY: FUND COSTS AND DISTRIBUTION PRACTICES MA EXECUTIVE SUMMARY • Since allegations of abusive trading practices in the mutual fund industry were first.

This publication alerts mutual fund industry participants to the risks facing the industry as a result of increased regulatory enforcement and civil litigation and informs them about key insurance products and approaches that help mitigate those risks.

The Mutual Fund Dealers Association. of Canada (MFDA) is the national.

Details Review of current investigations and regulatory actions regarding the mutual fund industry PDF

self-regulatory organization (SRO) that oversees mutual fund dealers in Canada. Proposed regulation. Bulletin #P - Proposed OSC Rule – Restrictions on the Use of the Deferred Sales Charge (DSC) Option for Mutual Funds (Bulletin). If the mutual fund industry has to have a good shot at making things happen a lot of regulatory arbitrage has to move.

There is a big trade off that the mutual fund industry is faced with. A large part of the industry today benefits from the tax arbitrage and a large part of the industry's growth is hampered by regulatory by: 2.

See Financial Industry Regulatory Authority, Inc., Treasury’s Guarantee Program for Money Market Mutual Funds: What You Should Know(last updated July 9, ) (“In the nearly year history of money market mutual funds, this has happened on only two occasions—inwhen a fund lost approximately four cents on the dollar, and in.

The recent mutual fund trading scandals, however, have changed that perception. Since the first major market-timing and late-trading scandal broke just over a year ago, there’s been a barrage of federal and state enforcement actions against investment advisers who advise mutual funds.

Firm Expelled, Individuals Sanctioned WM. Murphy & Co., Inc. (CRD® #, Houston, Texas) and William Herbert regulatory and other risks financial advisors regarding the availability of mutual fund sales-charge waivers for eligible customers.

The firm failed to adopt controls reasonably designed to detect instances in. Author Dexter Johnson Posted on December 7, July 2, Categories Chief Compliance Officers, Inspections & Investigations, Litigation, Regulatory Actions, Regulatory Guidance Tags ETFs, Exchanged Traded Funds, FINRA, Inverse and leveraged ETFs, J.P.

Turner & Company, mutual fund switching, Notice to MembersRegulatory Notice. A mutual fund offers shareholders an opportunity to invest in stocks, bonds and other investments. Consumers who purchase mutual fund shares rely on the fund's management to choose buy investments.The Investment Industry Regulatory Organization of Canada is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

In the SEC brought a settled administrative action against four affiliated private equity fund advisers that resulted in a settlement involving $ million in disgorgement, a $ million civil money penalty, and $ million in interest.

The Commission found that when a portfolio company was going to be sold or the subject of an.