| | | U.S. bond fund investors stirred, not shaken | | | NEW YORK (Reuters) - U.S. fund investors pumped millions into bond funds for a 50th straight week, the Investment Company Institute (ICI) said on Wednesday, showing that caution in recent weeks may not portend a flight from debt generally. |
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| Vanguard's Davis makes case for index funds even in tough times | | | BOSTON (Reuters) - The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry leader Vanguard Group Inc as its passive products soar in scale. |
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| | | FINRA fines JPMorgan $1.25 million for failures in employee background checks | | | NEW YORK (Reuters) - The Financial Industry Regulatory Authority said on Tuesday it fined JPMorgan Chase & Co's securities division $1.25 million for failing to conduct adequate background checks on 8,600 employees, including four people whose criminal convictions automatically disqualified them from working there. |
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