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Panda Power Funds Closes $420 Million Private Equity Fund
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DALLAS--(BUSINESS WIRE)--Panda Power receives $420 million capital commitments to develop or acquire U.S. natural gas-fueled power plants and utility-scale solar projects select states
FINRA Orders Chase to Reimburse Customers $1.9 Million for Unsuitable Sales o
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WASHINGTON--(BUSINESS WIRE)--The Financial Industry Regulatory Authority (FINRA) announced today that has ordered Chase Investment Services Corporation to reimburse customers more than $1.9 million for losses incurred from recommending unsuitable sales of unit investment trusts (UITs) and floating rate loan . FINRA also fined Chase $1.7 million. FINRA?s investigation found that Chase ..
Panda Power Funds Closes $420 Million Private Equity Fund
bi2540453
DALLAS--(BUSINESS WIRE)--Panda Power receives $420 million capital commitments to develop or acquire U.S. natural gas-fueled power plants and utility-scale solar projects select states
FINRA Orders Chase to Reimburse Customers $1.9 Million for Unsuitable Sales o
bi2540453
WASHINGTON--(BUSINESS WIRE)--The Financial Industry Regulatory Authority (FINRA) announced today that has ordered Chase Investment Services Corporation to reimburse customers more than $1.9 million for losses incurred from recommending unsuitable sales of unit investment trusts (UITs) and floating rate loan . FINRA also fined Chase $1.7 million. FINRA?s investigation found that Chase ..
MF Global clients irked by trustee fees
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Customers trapped by the collapse of MF Global Holdings Ltd. (MFGLQ) could be hit additional costs as the trustee overseeing the broker-dealer's liquidation on Tuesday outlined potential costs for returning wire transfers
Futures Exchange CME Knew of MF Global Fund Shortfall Before CFTC Was Told
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Examiners from CME Group Inc. (CME) , the world?s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall client during the weekend the failing broker was talking possible buyers, a person briefed on the matter said
CME Knew of MF Global Fund Shortfall Before CFTC Regulators
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Examiners from CME Group Inc., the world?s largest futures exchange, found unexplained wire transfers at MF Global Inc. and a $900 million shortfall client during the weekend the failing broker was talking possible buyers, a person briefed on the matter said
Strong Sales Continue for New York Life Through the Third Quarter of 2011
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NEW YORK--(BUSINESS WIRE)--New York Life Insurance Company, America?s largest mutual life insurer, today announced very strong third quarter gains sales of life insurance, income annuities and mutual , as well as a solid increase field force new hires the first nine months of 2011. Continued Strong Life Insurance Growth Individual life insurance sales increased 10% through ..
SEC Derivative Reform Could Influence Mutual Fund Use
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NEW YORK--(BUSINESS WIRE)--Tighter Securities and Exchange Commission (SEC) restrictions regarding the use of derivatives by mutual could influence the way asset management firms manage portfolio risk and report fund exposures. We believe derivatives can be an effective tool for mutual to manage existing risks and/or take on new risk exposures. But use of the securities also has the ..
Fitch Affirms North Dakota Dept. of Transportation's GARVEEs at 'AA'; Outlook
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CHICAGO--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA' rating on the North Dakota Department of Transportation's (NDDOT) approximately $38.2 million outstanding grant and revenue anticipation bonds (GARVEE). The Rating Outlook remains Stable. KEY RATING DRIVERS: --Dual Pledge: NDDOT's bonds are secured by the first lien on North Dakota's federal highway and the legislatively mandated ..
Fitch: U.S. Closed End Fund Derivative Use: Economics and Transparency Key
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NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: Closed-End : Derivatives Under Review (Increased Use and Limited Transparency Are Key Considerations)http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=656591 The use of derivatives by U.S. closed-end mutual (CEFs) highlighted a special report published today by Fitch Ratings. The timing of the ..
Delaware Investments Colorado Municipal Income Fund, Inc. and Delaware Invest
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PHILADELPHIA--(BUSINESS WIRE)--Delaware Investments Colorado Municipal Income Fund, Inc. and Delaware Investments Minnesota Municipal Income Fund II, Inc. (each, a ?Fund? and collectively, the ??) today announced that they have successfully priced private offerings, as defined pursuant to Rule 144A under the Securities Act of 1933, of approximately $105 million of Variable Rate MuniFund ..
MF Global clients irked by trustee fees
bi2540453
Customers trapped by the collapse of MF Global Holdings Ltd. (MFGLQ) could be hit additional costs as the trustee overseeing the broker-dealer's liquidation on Tuesday outlined potential costs for returning wire transfers
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