Early redemption fees limited to 2% of shares redeemed
Efforts will lead to greater compliance, report says
Roy led investment management division
Bank of American to pay US$375 million; Columbia to pay US$140 million
Goldman, Sachs & Co. and Morgan Stanley & Co. Inc will each pay US$40 million to settle SEC allegations that they improperly induced customers to bid up stock in exchange for IPO allocations.In federal district court, the Securities and Exchange Commission filed separate settled civil injunctive actions against Morgan Stanley and Goldman Sachs relating to […]
Sun Life unit to pay investors US$50 million
Comment period extended to March 8
Three managers fined for failing to supervise brokers
Edward D. Jones & Co. LP has agreed to pay US$75 million to settle allegations it failed to adequately disclose revenue-sharing payments received from a select group of mutual fund families it recommended to customers, the Securities and Exchange Commission said Wednesday. On Tuesday, it was sued by California state Attorney General Bill Lockyer over […]
Advisory committee will look into regulatory treatment of smaller companies