The Securities and Exchange Commission yesterday announced the institution and simultaneous settlement of an enforcement action against Morgan Stanley DW Inc. (Morgan Stanley) for failing to provide customers important information relating to their purchases of mutual fund shares. As part
Somebody once said that there is a majority for every stupid proposition. Capital punishment is of course the classic instance. But now it seems even taxation can command a majority. Over 70% of British consumers with a pension polled by
SWIFT says the migration from Message Type (MT) 100 to MT 103 was completed as planned on 15 November. The two messages have operated in parallel over the past three years but now the MT 103 version only will be
Eagle Investment Systems says Threadneedle Asset Management Limited the GBP50 billion ($81 billion) fund manager recently acquired by American Express has chosen its Eagle PACE software applications to support its new Investment Information Services (IIS) efforts to streamline internal operations
OM HEX says that Standard & Poor's has given it an A+ long term and an A 1 short term counterparty credit rating. In addition, Standard & Poor's also assigned its 'K 1' Nordic scale short term rating to OMHEX.
COR STP Solutions, a division of COR Financial Solutions, is deploying the B2BITS FIX engine within COR's Salerio e2e platform to enable FIX 4.4 messaging for allocations, confirmations and settlement instructions. COR STPS chose B2BITS as its preferred partner for
Brown Brothers Harriman (BBH) Foreign Exchange has appointed Colin Devereux as a Senior Trader on the BBH FX New York desk. "We are excited to have Colin join BBH FX as we continue to expand our team on a global
BNY Brokerage Inc, the agency broking arm of the Bank of New York within the BNY Securities Group, has introduced an Internet reporting tool. The Client Reporting Portal is designed to help fund managers and plan sponsors manage their commission
The old adage that inside every regulation lurks a business opportunity was proved true again today as Capco announced that it has teamed up with hedge fund PR specialists LJH Financial Marketing Strategies to form what they call "911 For