Monthly Archives: November 2003
Possibility of investigation pushes First Active lower
Shares in First Active dropped well below the price offered by Royal Bank of Scotland (RBS) in its takeover bid yesterday after it emerged that the transaction could be referred to the CompetitionAuthority. RBS has the right to walk away […]
Dublin bucks European trend as shares close unchanged ; Settlement Day: November 27th
The Dublin market was again the poor relation of the European exchanges yesterday, with Irish shares closing more or less unchanged as other markets posted gains of more than 1 per cent. First Active was one of the busiest domestic […]
Industry Elite to Discuss Insurance-Based Hedge Fund Investing Trends on December 8th in New York City
<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire/ — With hedge funds gaining popularity, many traditional financial services firms have embraced their potential and haveattempted to incorporate them into their product offerings. Insurance firms have led the way by merging the […]
National Life Leverages SOLCORP Distribution Connectivity Solution to Reach New Markets Through FundSERV Network
<body.content> <block> <p>TORONTO, Nov. 25 /PRNewswire/ — SOLCORP, a leading provider of software solutions to the life insurance and financial industries and a subsidiary of EDS ,announced today the successful implementation of SOLCORP / E-LINKS at National Life. The solution […]
Barclays Capital Expands Foreign Exchange Sales Team in Americas
<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire/ — Barclays Capital, the investment banking division of Barclays PLC, announced the appointments of Allyson Kay and TomLeonard as Directors in Foreign Exchange Sales. Responsible for expanding the firm’s institutional client coverage, they […]
Spitzer Files Charges in Mutual Fund Case
ALBANY, N.Y. (AP) – The first criminal charges in the mutual fund scandal were filed Tuesday by New York’s attorney general, accusing three former top executives at Security Trust Co. with “pervasivemisconduct” in a late-trading scheme that cost investors $1 […]
Saint Paul Pioneer Press, Minn., Investor’s Eye Column
Nov. 25–Investors have pulled billions of dollars out of mutual funds implicated in recent scandals. Yet, some are not sure whether to pull the plug and move on to one of about 10,000 other funds orhold on to what they […]
Phoenix-Based Trust Company Faces Charges in Mutual Fund Scandal
Nov. 25–The New York Attorney General, the Securities and Exchange Commission, and the federal Office of the Comptroller of the Currency are expected to file criminal and civil charges as early astoday against a Phoenix-based trust company that’s played an […]
Security Trust Co. to face charges over improper trades, source
NEW YORK (AP) — Regulators plan to file civil and criminal charges against Security Trust Co. on Tuesday for improper mutual fund trading, according to a source familiar with the investigation. The charges by the Securities and Exchange Commission and […]
Splicing For Dollars
Amid the doldrums of venture capital, the folks at MPM Capital are on a tear. Late last year, as venture capital firms left and right were returning money to investors because they could find no place to put it, MPM […]
FSA extends unit trusts inquiry to ‘market timing’
The Financial Services Authority has extended an investigation into the way unit trusts are traded in Britain to establish whether specialist market traders and speculators might be abusing privateinvestors in a similar fashion to the so-called “market timing” scandal in […]
Galvin: Tips Coming in on Improper Trades
BOSTON (AP) – As Putnam Investments disclosed its assets fell another $9 billion last week, Massachusetts Secretary of State William Galvin said on Monday that his office was handling a wave of newtips prompted by regulators’ actions over alleged improper […]
