Barr Rosenberg Banned from Securities Industry for Life

I mentioned this a few times on Twitter (often I’ll post short reads and links on there that never make it to the blog.)  Follow @MebFaber to keep in the loop.

This story isn’t getting much play but it should.  Most young investors don’t know who Barr is but he is one of the most famous people in the investment industry.  He is even one of 9 investors listed in the AllAboutAlpha Hall of Fame as entrepreneurs.  He was a Cal professor, developed one of the first index funds at Wells Fargo, founded BARRA (sold to MSCI), and eventually merged his money mgmt firm with AXA Rosenberg that manages now manages over $30b.

Anyways, sad news but incentive to get (another) SEC mock audit this month.