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By Staff Writer |
April 1, 2007
Worries about erosion in Wall Street dominance of global financial markets have been getting a lot of play lately. The Treasury department has been reviewing...
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By Staff Writer |
January 1, 2007
Bank of New York and Mellon Financial Corporation announced plans to merge. The new firm, named Bank of New York Mellon Corporation, will be New...
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By David J. Drucker |
November 1, 2006
In case you haven't noticed, Morningstar has been characterizing the mutual funds you research on its pages (or through its electronic services) as to their...
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By Melanie Waddell, AdvisorOne |
June 1, 2005
As the turf war between state and federal regulators rages on, industry officials are debating whether that competition is good for investors. Ron Rhoades, chief...
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By Staff Writer |
May 11, 2005
May 5, 2005 -- A challenge to the Securities and Exchange Commission's new mutual fund regulations was heard in appeals court in Washington DC on...
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By Staff Writer |
May 2, 2005
NEW YORK (HedgeWorld.com)--Former Bank of America securities broker Theodore Sihpol goes on trial this week for his alleged role in helping hedge fund Canary Capital Partners LLC conduct market timing and late trading of mutual fund shares. He is accused of grand larceny, fraud and falsifying records. Technically, the case...
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By Staff Writer |
December 23, 2004
BOSTON (HedgeWorld.com)--Hedge funds barely registered on the radar screen of investors queried in Eaton Vance Corp.'s annual survey, but fund managers shouldn't feel too bad. The industry's "Q Rating" was on par with a couple of guys on whom enough ink has been spilled this past year to print a...
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By Staff Writer |
November 29, 2004
Nov. 22, 2004 -- Although President George W. Bush's reelection provided a nice jolt to U.S. health care stocks, it may only be a short-lived...
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By Staff Writer |
November 22, 2004
Congratulations, Dick Strong. You're no longer at the top of the list of mutual fund executives who've had to reach into their own pockets to pay fines and penalties for allowing market timing. Number One with a bullet this week are Gary L. Pilgrim and Harold J. Baxter, co-founders of...
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By Staff Writer |
November 22, 2004
Nov. 17, 2004 -- The founders of the PBHG mutual funds agreed to pay $160 million in restitution and fines and to accept a lifetime...