Investment News articles from January 2007

Investment News archives from January 2007

Digesting acquisition gives Legg 'headache'; CEO: Citi deal `more costly than expected'.(News)
January 8, 2007... Byline: David Hoffman PHILADELPHIA - Despite nearly doubling its assets under management via a blockbuster acquisition, Legg Mason Inc. did not have a good year in 2006. Instead of giving reason to cheer, the acquisition of Citigroup...

Steven B. Young; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Gary Mogel Senior vice president of asset management Curian Capital LLC, Denver Assets under management: $2.4 billion Forecast: "We're looking for that elusive soft landing, with 2% to 3% [gross domestic product]...

A challenging year for product issuers and advisers alike; Boomers, 401(k) fees, automatic enrollment keep them on their toes.(Investment Outlook: Retirement)
January 8, 2007... Byline: Lisa Shidler CHICAGO - The retirement industry will be on the move in 2007, particularly as companies strive to develop products that help guarantee an income to baby boomers during retirement. Creating a retirement income...

Continued growth seen for wealth management in 2007; A growing number of players want to get in the game.(Investment Outlook: Wealth)
January 8, 2007... Byline: Charles Paikert NEW YORK - Red-hot in 2006, the wealth management industry expects the gravy train to keep rolling in 2007. "If you couldn't hit the ball out of the park in 2006, you were in trouble,'' said Jay Welker,...

Lobbying intensifies in SRO deal; NASD aims to complete deal by April 2.(News)
January 8, 2007... Byline: Dan Jamieson IRVINE, Calif. - Fur is flying in the debate over creating a single self-regulatory organization for the securities industry. NASD is pushing hard to garner votes for bylaw changes needed to complete its proposed...

CFA Institute has new designation for due diligence.(Short Interests)
January 8, 2007... Byline: Jeff Benjamin DETROIT - The CFA Institute officially has christened its new Certificate in Investment Performance Measurement program, with 99 candidates having passed both levels of a program designed to help practitioners conduct...

Distribution products likely to be a focus; Such products seen as necessary for fund industry if it wants to keep growing.(Investment Outlook: Funds)
January 8, 2007... Byline: David Hoffman PHILADELPHIA - Some industry experts expect that the mutual fund industry this year finally will start to put some real effort into coming up with products that will help retiring investors shift from the accumulation...

Rob Isbitts; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Bruce Kelly President and chief investment officer Emerald Asset Advisors LLC, Weston, Fla. Firm's assets under management: About $230 million Forecast: After good returns in 2006, investors may be expecting too...

Teach your children financial management.(Monday Morning)
January 8, 2007... Byline: Jim Pavia Every New Year's Eve, millions of Americans make New Year's resolutions. The resolutions range from finding ways to break bad habits, to spending more time with loved ones, to deciding to get finances in order....

George P. Schwartz; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Kathie O'Donnell Portfolio manager $270 million Ave Maria Catholic Values Fund Director, president, chief executive and chief investment officer Schwartz Investment Counsel Inc., Bloomfield Hills, Mich. Assets...

Bigger life insurers, smaller premiums? Democrats' pro-estate-tax stance may jump-start 2007 sales.(Investment Outlook: Insurance)
January 8, 2007... Byline: Gary S. Mogel NEW YORK - There is no such thing as being too big in the life insurance industry. So more consolidation - and the premium savings it often brings - is likely this year, according to industry analysts. The...

OppenheimerFunds launches life cycle fund lineup; Firm unveils four target date funds.(News)
January 8, 2007... Byline: Kathie O'Donnell BOSTON - OppenheimerFunds Inc. plans to unveil four target date retirement funds and says those funds will offer more equity exposure than usual to help ensure that investors' savings last through retirement. ...

Boom for hedge funds, private equity likely to continue; Management talent, investor appetite help fuel growth.(Investment Outlook: Alternatives)
January 8, 2007... Byline: Jeff Benjamin DETROIT - The outlook for alternative investments in 2007 is bullish, according to industry watchers, as increases in investor appetite and sophistication join substantial momentum to fuel the market for hedge funds...

William Knapp; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Kathie O'Donnell Investment strategist New York Life Investment Management LLC Assets under management: more than $231 billion Forecast: Slower economic growth could curtail or even forestall corporate profits in...

AMT expected to snare many more in middle class; Despite Senate bill, complete fix seen as elusive.(News)
January 8, 2007... Byline: Lisa Shidler CHICAGO - As Congress considers a bill to repeal the alternative minimum tax, advisers are bracing themselves for the possibility that any changes to the bill that get passed will amount to little more than a Band-Aid....

TD Ameritrade acquires 401(k) trust company; Asset custodian prospecting for RIAs that advise plans.(News)
January 8, 2007... Byline: Brooke Southall SAN FRANCISCO - TD Ameritrade Institutional recently purchased a small trust company in Baltimore to capitalize on the big ambitions of registered investment advisers to win 401(k) assets. The Jersey City,...

With Jim Otar of Otar & Associates.(One on One)
January 8, 2007... Byline: Dan Jamieson Jim Otar is hard at work solving a problem nearly every adviser faces: how to ensure that clients don't run out of money in retirement. Mr. Otar, a former engineer turned adviser/ researcher/educator, said that the...

Malcolm E. Polley; Forecast for 2007.(Investment Outlook)
January 8, 2007... President and chief investment officer Stewart Capital Advisors LLC , Indiana, Pa. Assets under management: $930 million Forecast: "The foremost concern I have is the broad-based belief that we'll have double-digit gains in...

James D. Hardesty; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Brooke Southall James D. Hardesty President and chief investment officer Hardesty Capital Management LLC, Baltimore Firm's assets under management: $650 million Forecast: Inflation is likely to nosedive to as...

At the Bell.
January 8, 2007... Deutsche launches 7 PowerShares ETFs Deutsche Bank AG and PowerShares Capital Management LLC on Friday launched seven PowerShares DB Commodity Sector exchange traded funds on the American Stock Exchange. The funds offer investors...

Free spirit mid-cap manager bucks the trends.(Street Wise)
January 8, 2007... Byline: Jeff Benjamin Thyra Zerhusen, manager of the $700 million Aston Optimum Mid Cap Fund (CHTTX), is content with the notion that her investing strategy isn't always in sync with the general thinking on Wall Street. With regard to...

Technology seen as key to leveraging advisers' time; More being spent on CRM systems, document storage.(Investment Outlook: Technology)
January 8, 2007... Byline: Brooke Southall SAN FRANCISCO - Most financial advisers presume that in 2007, they will face more growth, more compliance oversight and clients who expect quicker responses. "In short, more is being demanded from advisers at a...

Ian Fraley; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Jeff Benjamin Managing principal and hedge fund manager Financia Capital LLC, San Francisco Assets under management: $20 million Forecast: Mr. Fraley is particularly optimistic about large multinational companies...

Linda Killian; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Lisa Shidler Portfolio manager, founder and principal Renaissance Capital LLC, Greenwich, Conn. Assets under management: $20 million Forecast: Ms. Killian expects growth stocks to outperform large capital equities...

Donald W. Hodges; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Dan Jamieson Co-portfolio manager Hodges Fund Hodges Capital Management Inc., Dallas Assets under management: $580 million Forecast: Mr. Hodges is positive on the market for 2007, though the economy appears...

Federal-insurance-charter option top among issues; Frank, Dodd panels also to examine hedge funds.(Investment Outlook: Regulation)
January 8, 2007... Byline: Sara Hansard WASHINGTON - Key Democratic leaders of congressional committees that handle financial services issues are open to considering giving life insurers the option of being regulated federally. "There is some good...

Adviser's show a fund-raising hit.(Short Interests)
January 8, 2007... Byline: Jeff Benjamin DETROIT - Financial adviser Bert Whitehead knocked the cover off the ball last month when his public-television debut became the biggest fund-raising program in the history of the Detroit Educational Television...

States vie to slash college savings plan fees; OppenheimerFunds takes lead in price wars.(News)
January 8, 2007... Byline: Charles Paikert NEW YORK - Fees for Section 529 college savings plans just keep on dropping - with no signs of stopping. New York-based OppenheimerFunds Inc. scored a coup last month when it won the contract for Illinois' $2...

INDIE REPORT.(Investment Outlook)
January 8, 2007... Independent-contractor broker-dealers continue to grapple with challenges in 2007. After a gangbusters 2005, recruiting was flat or down at many firms last year, executives said. And many firms are looking to distinguish themselves in a crowded...

7% returns seen despite slowing economy; Investors starting to migrate from bonds to dividend-paying blue-chip stocks.(Investment Outlook)
January 8, 2007... Byline: Kathie O'Donnell BOSTON - The U.S. economy likely will slow this year - at least in the first half - but stocks are expected to continue climbing as investors seeking higher returns and safety finally let large-cap-growth stocks...

Feminine touch.(Investment Outlook)
January 8, 2007... Of the 18 Wall Street observers who gave predictions for 2006's index outcomes in our Jan. 9 issue of that year, just two were women. However, both distinguished themselves among their peers. Barbara Walchli, a Phoenix-based portfolio...

Income trust guidelines may spawn mergers.(Short Interests)
January 8, 2007... Byline: David Clarke OTTAWA - Some observers wonder whether Birmingham, Ala.-based Harbinger Capital Partners' $712 million hostile bid for Calgary, Alberta-based Calpine Power Income Fund last month is the harbinger of an income trust...

Convincing consumers that they need help.(Editorial)
January 8, 2007... As 2007 begins, the financial planning/investment advisory sector of the financial services industry is at a crossroads. It faces several critical decisions that will affect its future direction, its growth and perhaps even its relevance to...

Barnash leaves Lincoln for Ameriprise Financial; Role to include recruiting advisers, brokers.(News)
January 8, 2007... Byline: Bruce Kelly NEW YORK - Ameriprise Financial Inc., in a coup, has reeled in James Barnash, one of the biggest fish in the financial planning community, whose new job includes recruiting. Mr. Barnash, whose term as chairman of...

Website for gold (and silver) bugs.(Short Interests)
January 8, 2007... Byline: Aaron Siegel NEW YORK - As commodity prices continue to rise, a website is looking to help investors strike strong returns on gold and silver. GoldMoney.com, a five-year-old website, allows investors to buy gold and silver...

Wall Street profits likely to slow in 2007, some predict; Retail may flourish if institutional side begins to stumble.(Investment Outlook: Broker-Dealers)
January 8, 2007... Byline: Dan Jamieson IRVINE, Calif. - Sizzling industry profits are expected to abate this year as profit pressures increase and the economy slows. Slower growth will crimp underwriting activity, mergers and acquisitions, private...

New laws may boost HSA popularity among wealthy; Demise of accounts under Democrats seen as greatly exaggerated.(News)
January 8, 2007... Byline: Gary S. Mogel NEW YORK - Legislation signed by President Bush in the waning days of the Republican-controlled Congress may make health savings accounts more appealing to advisers' wealthy clients, industry observers say. ...

What your clients' fees are paying for.(The Markets)
January 8, 2007... Byline: Mark Labovitz The new year is a time for people to review many activities, including mutual fund investing. An important element in portfolio analysis is fund expenses. While the type and amount of expenses charged vary by fund...

Milton Ezrati; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: David Hoffman Partner, and senior economic and market strategist Lord Abbett & Co. LLC, Jersey City, N.J. Assets under management: $110 billion Forecast: The Federal Reserve has engineered what should be a "soft...

Doug Couden; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: David Hoffman Director of equity and senior portfolio manager Seneca Capital Management LLC, San Francisco Assets under management: $11 billion Forecast: The market will slow down, but stocks still will have a good...

Gregory Church; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Charles Paikert Founder and chief executive Church Capital Management LLC, Yardley, Pa. Assets under management: $2.2 billion Forecast: Mr. Church expects the gross domestic product to continue its trend-line...

Fred Dickson; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Charles Paikert Chief market strategist D.A. Davidson & Co., Great Falls, Mont. Assets under management: $21 billion Forecast: Mr. Dickson sees a soft landing for the economy in the first half of the year,...

Finally, a broker portrayed positively.(Short Interests)
January 8, 2007... Byline: Aaron Siegel NEW YORK - A brokerage industry tale was generating strong returns while the markets took a holiday. In "The Pursuit of Happyness,'' Will Smith plays Chris Gardner, who completes an internship in Dean Witter's...

Content, navigation tools vital to successful websites; Franklin Templeton tops list of quality sites.(News)
January 8, 2007... Byline: Aaron Siegel NEW YORK - The folly of the Internet bubble is history, though the art of website design continues to evolve. Ingredients for a successful mutual fund website are the availability of content, the quality of that...

Kenneth Safian; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Dan Jamieson President Safian Investment Research Inc., a division of Burnham Asset Management Corp., White Plains, N.Y. Assets under management: $1.2 billion Forecast: As a sector rotator, Mr. Safian is a bit...

Kevin R. Caron; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Lisa Shidler Market strategist Ryan Beck & Co. Inc., Florham Park, N.J. Assets under management: $17 billion Forecast: The economy in 2007 will be similar to 2006, Mr. Caron said, and he thinks that real estate...

Virginia Reynolds Parker; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Sara Hansard Managing member and chief investment officer Parker Global Strategies LLC, Stamford, Conn. Assets under management: $425 million Forecast: This year will be another good year for the equity market,...

New portfolio-margining rules offer more choice; Investor-friendly changes expected to help U.S. in the marketplace.(News)
January 8, 2007... Byline: Riva Froymovich NEW YORK - The Securities and Exchange Commission last month approved sweeping changes to portfolio-margining accounts that will result in greater choices for advisers and more responsibility for broker-dealers,...

'Grand bargain' for Barney, Ben and biz?(Reverse Spin)
January 8, 2007... Byline: Charles Paikert While the new House speaker, Nancy Pelosi, D-Calif., got the front-page headlines last week, Rep. Barney Frank, D-Mass., the new chairman of the House Financial Services Committee, got the business world's attention...

Sam Stovall; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Riva Froymovich Chief investment strategist, equity research Standard & Poor's, New York Forecast: Historically, 2007 is set to be a positive year, Mr. Stovall said. "You have to go back to 1939 to find a decline...

Kurt Wolfgruber; Forecast for 2007.(Investment Outlook)
January 8, 2007... Byline: Aaron Siegel Chief investment officer OppenheimerFunds Inc., New York Assets under management: $240 billion Forecast: Mr. Wolfgruber expects the economy to experience a soft landing in the first half of 2007 and...

Opinion Poll.
January 8, 2007... Should the alternative minimum tax be fully repealed? A. Yes B. No C. Don't care To respond to this question, go to investmentnews.com/poll. (We will print the results in next week's issue along with the next question of...

Smith Barney pay change could hit top reps; Those paying assistants well are most affected.(News)
January 8, 2007... Byline: Dan Jamieson IRVINE, Calif. - The pay changes implemented by Smith Barney this month could negatively affect some top producers. Although the firm described the changes as being revenue neutral, the new compensation plan may cost...

Linsco inks deal for clearing services with AXA Advisors; The firm is also in discussions with several other potential clients.(News)
January 8, 2007... Byline: Bruce Kelly NEW YORK - Looking to compete toe-to-toe in the clearing business with such industry giants as Pershing LLC and National Financial Services LLC, Linsco/Private Ledger Corp. last month said that it would take over the...

Boomers plan for retirement - more or less; Generation of retirees look to sidestep usual spending models.(News)
January 15, 2007... Byline: Lisa Shidler CHICAGO - Some baby boomers are putting a unique twist on how they plan to draw on their retirement savings, according to financial advisers. Instead of seeking a steady income that remains the same year after...

Conventional wisdom's not always wise.(The Markets)
January 15, 2007... Byline: Jeff Tjornehoj Bond fund investors often are told that expenses matter a great deal more to them than to equity investors on the presumption that bond values rise or fall predictably as a function of prevailing interest rates. ...

Pershing on the march as asset custodian; Deal with Neuberger raises its profile, broadens client range.(News)
January 15, 2007... Byline: Brooke Southall SAN FRANCISCO - Pershing Advisor Solutions LLC is buying the custody assets of high-end financial advisers in a deal that will raise its profile and broaden the range of advisers it serves. This month, the...

SEC need do nothing on proxy access.(Editorial)
January 15, 2007... It is time for corporate boards and chief executives to be held accountable by the owners of the companies for which they work. Chief executives get hundreds of millions of dollars for failure. They refuse to listen to shareholders, fight...

With Gregory E. Johnson of Franklin Resources Inc.(One on One)(Company overview)
January 15, 2007... Byline: David Hoffman It all comes down to performance. According to industry experts, that is why Franklin Templeton Investments of San Mateo, Calif., was able to increase its assets under management despite being one of a handful of...

Keeping governance in motion.(Short Interests)
January 15, 2007... Byline: Aaron Siegel NEW YORK - Walden Asset Management has come up with a set of New Year's resolutions that it aims to implement at shareholder meetings this year. The Boston-based socially conscious investment firm has compiled 19...

Opinion poll.
January 15, 2007... Previously, we asked you: Should the alternative minimum tax be fully repealed? A. Yes - 16% B. No - 83% C. Don't care - 1% Respondents: 339 This week's question is: Will a minimum-wage increase harm the economy?...

What a difference five years makes for the euro; Some countries divert money to the currency from the dollar.(News)
January 15, 2007... Byline: Riva Froymovich NEW YORK - Before the euro marked its fifth anniversary Jan. 1, a number of countries demonstrated their trust in the European currency over the U.S. dollar - a stark contrast to five years ago. The United Arab...

Maximizing microfinance's cachet.(Short Interests)
January 15, 2007... Byline: Riva Froymovich NEW YORK - Two groups are using the recent awarding of the Nobel Peace Prize to microfinance pioneer Muhammad Yunus to boost their own microcredit projects. The 2006 Nobel Peace Prize was awarded in December to...

SEC joins SROs to review firms' rules compliance; Commission gets tough on abuses in fee-based brokerage accounts.(News)
January 15, 2007... Byline: Sara Hansard WASHINGTON - The Securities and Exchange Commission is joining other regulators in cracking down on abuses in fee-based brokerage accounts. Following a lawsuit filed last month by the New York attorney general's...

'Retirement crisis' is overblown, some say; Are boomers more prepared than is believed?(News)
January 15, 2007... Byline: Lisa Shidler CHICAGO - The drumbeat from the financial services industry that baby boomers are ill-prepared for retirement has been exaggerated and may be simply an attempt to market products, some industry observers say. Baby...

Advisers warming to outsourcing; Its appeal is access to technology, other expertise.(News)
January 15, 2007... Byline: Jeff Benjamin DETROIT - A growing number of small and midsize financial planning firms are following the lead of corporate America in realizing the upside of outsourcing. But unlike corporate conglomerates that turn to China...

Proposed SRO's governance faulted; Diluting voting clout of members is a step backward, critics say.(News)
January 15, 2007... Byline: Dan Jamieson IRVINE, Calif. - As curtain time approaches on whether NASD and the New York Stock Exchange regulatory units will merge, corporate-governance experts are expressing concerns about how the proposed new single...

New wave of ETFs lack diversification, low fees; Latest funds chasing `hot' money, critics say.(News)
January 15, 2007... Byline: David Hoffman PHILADELPHIA - New exchange traded funds could cost the product some of its luster, according to some industry experts. New versions of what has been considered an inexpensive, broadly diversified, transparent...

At the Bell.
January 15, 2007... Jackson National enters fund arena Jackson National Life Insurance Co. on Tuesday plans to enter the retail mutual fund arena. The Lansing, Mich.-based insurer said that it will launch five fund options available to advisers through...

Women's debt level worrisome.(Short Interests)
January 15, 2007... Byline: Lisa Shidler CHICAGO - Women carry a significant amount of debt, which might hamper their ability to save for retirement, according to a recently released survey that showed that 60% of respondents had more than $5,000 in household...

Closing quote.(Reverse Spin)
January 15, 2007... "We have this grand confluence of financial services firms that love to scare the crap out of boomers.'' -Jonathan D. Pond, whose special, "You Can Do It!: The Boomer's Guide to a Great Retirement,'' aired on the Public Broadcasting Service...

Backdating scandals seen as tapering off; SEC and Justice Dept. still to investigate.(News)
January 15, 2007... Byline: Aaron Siegel NEW YORK - After the investment world witnessed the cooked books that led to the downfall of Enron Corp., WorldCom Inc. and Global Crossing Ltd. earlier in the decade, a new breed of scandals has come to light in the...

New tax deduction helps home buyers; Some taxpayers can fully deduct mortgage premiums.(News)
January 15, 2007... Byline: Gary S. Mogel NEW YORK - Clients who can't or don't want to make at least a 20% down payment on a primary residence can save hundreds of dollars by using the mortgage premium deduction that went into effect Jan. 1, industry experts...

SSgA re-brands all its ETFs under SPDR name; Company scraps streetTracks moniker.(News)
January 15, 2007... Byline: David Hoffman PHILADELPHIA - State Street Global Advisors last week said that it will re-brand its exchange traded funds under one name: SPDRs. The move is intended to bring order to Boston-based SSgA's lineup of 46 ETFs, which...

Plans for interactive disclosure statements in motion; ICI proposes blueprint for computerizing risk/return summaries.(News)
January 15, 2007... Byline: Sara Hansard WASHINGTON - The mutual fund industry moved a step closer to offering interactive disclosure statements when the Investment Company Institute proposed a blueprint for computerizing the risk-return summaries of...

Private equity sets record for assets.(Reverse Spin)
January 15, 2007... Byline: Charles Paikert Yes, 2006 was the year private equity went on a tear. Private Equity Analyst, a trade publication owned by New York-based Dow Jones & Co. Inc., confirmed what probably everybody suspected - last week reporting that...

529 industry targeting grandparents' IRAs; Urges advisers to use required distributions as a sales hook.(News)
January 15, 2007... Byline: Charles Paikert NEW YORK - Grandparents are poised to become the new growth market for Section 529 plans. Program managers who run the college savings plans increasingly are encouraging financial advisers to boost sales by...

New accounts up 76% in '06 at Fidelity's charitable fund; Vanguard, Schwab also posted gains amid favorable climate for giving.(News)
January 15, 2007... Byline: Kathie O'Donnell BOSTON - Fueled by a drop in fees and initial account minimums, as well as an increased focus on sales through financial advisers, the nation's largest donor-advised fund posted a 76% spike in new accounts last...

Astrology an indicator of driving skill.(Short Interests)
January 15, 2007... Byline: Gary S. Mogel NEW YORK - "What's your sign?'' as an opening line may migrate from singles bars to insurance applications. Libras (Sept. 23-Oct. 22) are the worst drivers, while Leos (July 23-Aug. 22) are the best, according to...

Are we headed back to the future?(Monday Morning)
January 15, 2007... Byline: Mike Clowes What do you remember when you think about 1987? If you were in the investment business, and possibly even if you weren't, the event you probably remember best is "Black Monday,'' or the stock market crash of 1987. ...

Securities America not off the hook yet? After losing $31.3 million in NASD arbitration claims, the broker-dealer may face more of the same in '07.(News)
January 15, 2007... Byline: Bruce Kelly NEW YORK - Securities America Inc. lost a staggering $31.3 million in two NASD arbitration claims last year and could be on the hook for millions more in 2007, according to a plaintiff's attorney involved in the case....

Allianz Life Insurance girds for annuity battle on its home turf; Minnesota sues company, alleging sales abuses against the elderly.(News)
January 15, 2007... Byline: Gary S. Mogel NEW YORK - To some industry insiders, a lawsuit filed last week against Allianz Life Insurance Company of North America is political opportunism; to others, it's a regulatory coup. Lori Swanson, a Democrat sworn...

Rydex expands availability of twice-a-day pricing; But the demand for more-frequent trading is in question.(News)
January 22, 2007... Byline: David Hoffman PHILADELPHIA - Investors who buy select mutual funds from Rydex Investments through National Financial Services LLC now have access to twice-a-day pricing. Rydex, which is based in Rockville, Md., is the only...

SEC reviews pricing for market data; Exchange critics want broad review of `fee levels'.(News)
January 22, 2007... Byline: Dan Jamieson IRVINE, Calif. - The Securities and Exchange Commission has taken what could be a first step toward comprehensively regulating market data fees - a touchy issue it has skirted for years. Last month, the SEC agreed...