When a financial adviser can recommend a proprietary fund to a client, a clear conflict of interest arises.

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Proprietary fund revenue sharing was cut to lower but comparable levels.

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The answer is, overwhelmingly, insurance companies peddling high-cost, tax-deferred variable annuities with crappy proprietary mutual fund options and high-risk fixed accounts.

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The reform bill does include significant, if watered-down, restrictions on proprietary trading and hedge fund investments by banks, practices blamed for exacerbating the 2008 financial crisis.

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One way to do that is to outsource proprietary trading to a hedge fund.

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Their emerging markets dividend fund tracks a proprietary index that starts with a universe of 1, 200 emerging market equities and chooses from those who have the highest dividend yield.

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However, financial industry lobbyists were successful in having Glass-Steagall repealed in 1999, which resulted in banks becoming heavily involved in brokerage, mutual fund, and proprietary trading activities, as well as the packaging and promotion of questionable investment products like sub-prime mortgages.

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It dispatches over 300 wire stories a day, mostly to proprietary terminals on the desks of Chinese fund managers.

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We determine the odds for, and extent of, those moves from our proprietary analysis of the way the volume market-makers servicing big-fund clients protect the at-risk positions that must be taken as they compete for this lucrative business.

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