All articles by Verdict Staff
Verdict Staff
SEC Charges Gatekeepers of Two Mutual Fund Trusts for Inaccurate Disclosures About Decisions On Behalf of Shareholders
The Securities and Exchange Commission today charged the gatekeepers of a pair of mutual fund trusts with causing untrue or misleading disclosures about the factors they considered when approving or renewing investment advisory contracts on behalf of shareholders.
GAMCO Global Gold Natural Resources & Income Trust By Gabelli Is Pleased To Announce The Offering Of USD100 Million Of 5.00 percent Series B Cumulative Preferred Shares
The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust by Gabelli is pleased to announce the underwritten offering of 4 million 5.00% Series B Cumulative Preferred Shares (Series B Preferred Shares) at a public offering price of $100 million.
Two arrested in FCA insider dealing investigation
Financial Conduct Authority (FCA) has confirmed that two individuals have been arrested in connection with its investigation into insider dealing.
Neuberger Berman hires 19 from ING
Neuberger Berman has hired 19 executives from ING to form the majority of a new EMD team.
HMRC warns of further clampdown on offshore trusts
Post the HMRC’s announcement around cracking down on trusts that are being used to hide wealth overseas, UK residents with access to money through offshore trusts are being advised to check that their operations conform with the current tax laws.
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Forbes Names McGladrey Wealth Management to Top 50 Wealth Managers List
McGladrey Wealth Management was recently ranked on Forbes’ annual Top 50 Wealth Managers list, joining an elite group of firms that are growing like crazy, according to the publication, thanks to “a stream of new clients and advisors and a hot market recovery.”
Paradigm Names Arshad Matin as New President, CEO and Board Member
Paradigm announced today that Arshad Matin has been appointed as the company’s president and CEO and a member of the Board of Directors.
BMO Opens Studio Branch in New Urban Village on Nun’s Island
BMO Bank of Montreal announced the opening of a studio model branch, located in Montreal’s Nuns’ Island on the ground floor of the ZUNI condo building at 109 Chemin de la Pointe-Nord.
SEC proposes rules for cross-border security-based swap activities
The Securities and Exchange Commission (SEC) has voted unanimously to propose rules and interpretive guidance for parties to cross-border security-based swap transactions.
Axa IM hires new global compliance head
Axa Investment Managers has hired ex-FSA tech specialist, Garry Murdoch, a global head of compliance.