Finance Roundtable

SEC examiners start boot camp this week in an effort to match wits with hedge fund mangers… Financial Economists Roundtable releases a statement of caution. In three months, the SEC’s Office of Compliance Inspections and Examinations, or OCIE, will become responsible for examining thousands of hedge funds — investment pools ...

Details are scant as of close of business today (3 Nov.). See excerpt from WSJ article (subscription only). Millennium Partners Hedge Fund Nears Pact to Settle Trading Case By GREGORY ZUCKERMAN Staff Reporter of THE WALL STREET JOURNAL November 3, 2005; Page C3 Investor Israel Englander and his large hedge-fund firm, Millennium Partners LP, are ...

The SEC has released a proposed interpretive release regarding money managers’ use of client commissions, or “soft dollars,” to pay for research and brokerage services. In recognition of changing market conditions, the 2005 Release provides a proposed framework under which advisers may determine eligible “research” and “brokerage” products and services ...

Compare the expenses of up to three Exchange Traded Funds, mutual funds or share classes of the same mutual fund using NASD’s new and improved fund analyzer.

The Securities and Exchange Commission has recommended that investment advisers’ and investment companies’ codes of ethics should require their access persons to report trades in shares of exchange-traded funds, or ETFs. Purchases and sales of these shares in the market present the opportunity for conflicts of interest that ...

The Securities and Exchange Commission announced yesterday (Nov. 28) that three affiliates of one of the country’s largest mutual fund managers have agreed to pay $72 million to settle charges they harmed long-term mutual fund shareholders by allowing undisclosed market timing and late trading by favored clients and an employee. Under ...

Instead of paying for stock research through inflated commissions (soft dollar commissions), Fidelity has agreed to pay Lehman in cash, unbundling stock research payments and trading commissions. Both investors and the biggest, strongest sell side trading houses stand to gain. Here’s how it’ll work, and the questions the move creates: Fidelity will write ...