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H&R Block, the tax preparation company, was fined $500,000 for helping a hedge fund customer hide market-timing trades in mutual funds, NASD, the securities market regulator, said yesterday.
The typical mutual fund customer is an average Joe or Jane, whose assets are smaller.
The additional capital will be used to fund customer acquisition, technology development, and operations, the company reports.
In order to fund customer discounts and fuel their expansion, Flipkart, Snapdeal and Paytm have collectively raised over $4 billion since 2014.
So far, its presence in the insurance industry has been almost an afterthought, a means to wrap a variable annuity tax shelter around its mutual funds or maybe to dangle some term life before an existing fund customer.
In order to fund customer discounts and fuel their expansion, Flipkart, Snapdeal and Paytm have collectively raised over $4 billion since 2014.
Similar(54)
More fundamentally, why wouldn't the industry and money market fund customers love the status quo?
Duckett wants reform to include better resources for new and existing health fund customers.
But his scrutiny of financial statements has served his pension fund customers well recently.
Hedge fund customers have long clamored to put their money with Mr. Cohen, whose trading acumen is legend on Wall Street.
He rebuffed the request and boasted about his recalcitrance in an e-mail to his hedge fund customers.
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