The Wall Street Journal's Chuck Jaffe unveiled his second batch of coal "winners" over the weekend and the list includes a regulator.

The Securities and Exchange Commission is the recipient of the award for the category of "A 12b-1 fee solution that isn’t".

The Vanguard Group [see profile] also got an award for "Not knowing when to give up" (this relates to the timing of Vanguard's firing of AllianceBernstein as a sub-advisor), Rajendra Prasad of Prasad Growth Fund received honors for "The Lump of Coal Mis-Manager of the Year".

And not to be left out, Charles Schwab Investment Management [see profile] was also acknowledged for "Most unsettling settlement".  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE