The following are excerpts from articles about key developments in the investment management industry. To read the full articles on these and other topics, please click here

Investment Adviser AXA Wins Excessive Fee Trial

A federal judge in New Jersey has ruled in favor of AXA Equitable Life Insurance Company (AXA Equitable) and its wholly owned subsidiary, AXA Equitable Funds Management Group, LLC (FMG and together with AXA Equitable, AXA) after five years of litigation regarding investment advisory fees.

SEC Charges Hedge Fund Manager and Advisory Firm with Insider Trading

The Securities and Exchange Commission (SEC) recently filed a complaint against a hedge fund manager and his investment advisory firm in federal district court in Philadelphia, alleging insider trading based on material nonpublic information that he learned in confidence from a corporate executive. The complaint is another sign of the SEC's continuing focus on potential insider trading cases.

To learn more about these developments and other investment management news, please contact a member of the Ballard Spahr Investment Management Group or the attorney with whom you regularly work.


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