Monthly Archives: November 2003

Schwab finds improper trading in funds SEC, state regulators may fight over enforcement turf By LANDON THOMAS JR. New York Times Saturday, November 15, 2003 Charles Schwab, the discount broker that revolutionized the mutual fund industry, said Friday that it […]

Companies take steps to reassure investors PBHG Funds ousts co-founders; Putnam settles fraud lawsuit By GRETCHEN MORGENSON New York Times Friday, November 14, 2003 Trying to contain deepening investor mistrust, one large mutual fund company ousted its founders Thursday and […]

Tokyo, Nov. 14 (Jiji Press)–Stocks tumbled on the Tokyo Stock Exchange Friday, dragged down by selling of pricey technology issues amid the yen’s rise versus the dollar. Individual investors, who snapped up their darling Internet business investor Softbank and many […]

Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]

Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]

NEW YORK attorney general Eliot Spitzer, who has spearheaded the inquiry into improper trading at mutual funds, is likely to take action against Old Mutual’s Pilgrim Baxter Associates early nextweek, writes Richard Thomson. Spitzer said he may take action against […]

WASHINGTON (AP) – President Bush’s list of volunteer campaign fund-raisers is getting bigger: More than 300 people have raised $100,000 or more for the Republican since he began his re-electioncampaign in May. At least 106 people have raised the $200,000 […]

State regulators are focusing on the top lawyer at Putnam Investments as they pursue an investigation into trading abuses that led to a partial settlement with federal regulators yesterday. A source familiar with the state investigation said William Woolverton, Putnam’s […]

Nov. 14–Oregon ditched scandal-tainted Strong Capital Management as manager of the Oregon College Savings Plan on Thursday, saying it could have a better plan in place within two to five months. Strong has been named by regulators in revelations of […]

Nov. 14–The widening inquiry into trading misconduct at mutual funds has snared the two founders of high-profile Pilgrim Baxter & Associates in Wayne, the first local fund executives to betoppled by the scandal. Harold J. Baxter and Gary L. Pilgrim […]

Nov. 14–The widening inquiry into trading misconduct at mutual funds has snared the two founders of high-profile Pilgrim Baxter & Associates in Wayne, the first local fund executives to betoppled by the scandal. Harold J. Baxter and Gary L. Pilgrim […]

Nov. 14–Founders of Pilgrim Baxter & Associates, a unit of the Boston-based operations of Old Mutual of London, were forced to step down yesterday amid disclosures of market timing in its mutualfunds by a hedge fund in which one of […]