Products May 16, 2011

Russell Introduces Investment Disciple Indexes

Russell Investments launched an index family that reflects six investment disciplines in the U.S. large cap equity class.
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Each of the new Russell Investment Discipline Indexes defines and reflects a particular approach to security selection commonly practiced by professional investment managers, according to the announcement.  

To develop the Russell Investment Discipline Indexes, Russell analysts defined the six most common approaches of professional investment managers in identifying attractive investment opportunities and categorized them into individual disciplines. The full suite of Russell Investment Discipline Indexes includes the Russell U.S. Large Cap Aggressive Growth Index, Russell U.S. Large Cap Consistent Growth Index, Russell U.S. Large Cap Growth at a Reasonable Price (GARP) Index, Russell U.S. Large Cap Equity Income Index, Russell U.S. Large Cap Low P/E Index and Russell U.S. Large Cap Contrarian Index.  

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In order to reflect the return pattern of a typical manager within a specific investment discipline, the construction of each index is unique to the respective discipline being approximated. For example, the screening technique used to construct the Russell U.S. Large Cap Low P/E Index differs from the methodology for the construction of the Russell U.S. Large Cap Consistent Growth Index.   

More information on these indexes and returns is available here.
Products May 16, 2011

FINRA Expands BrokerCheck to Include Disciplinary Actions

The Financial Industry Regulatory Authority (FINRA) has created the Disciplinary Actions Online database, which allows investors to find disciplinary records of FINRA-registered brokers.
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Investors can search the discipline actions database by case number, document text, document type, action date (by date range), a combination of document text and action date, individual name and Central Registration Depository (CRD) number, or firm name and CRD number. The documents can be viewed online, printed, or downloaded as text-searchable PDF files. All services are free of charge.

Previously, the public had to contact FINRA to obtain copies of disciplinary actions. The new database makes available disciplinary action documents including Letters of Acceptance, Waivers and Consent (AWCs), settlements, National Adjudicatory Council decisions, Office of Hearing Officer decisions and complaints.

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FINRA’s BrokerCheck database – which profiles every FINRA-registered broker – will now link to disciplinary actions housed in the system, as it currently does for arbitration awards in the Arbitration Awards Online database. Beginning June 15, FINRA Monthly Disciplinary Actions will also link each write-up to its corresponding action in the database.

In 2010, BrokerCheck was used 17.2 million times, supplying the public with reviews of brokers or firm records, FINRA said. Investors can access BrokerCheck at www.finra.org/brokercheck or by calling (800) 289-9999.

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