Monthly Archives: November 2003

NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 6, 2003–Avondale Partners has expanded its investment banking practice with the addition of two veteran bankers from Thomas Weisel Partners, Karsten Lampka,who has joined Avondale as a Director, and Chris Calton, who has joined as Vice President. […]

Tokyo, Nov. 6 (Jiji Press)–Stocks ended moderately lower on the Tokyo Stock Exchange Thursday morning, with investor sentiment hurt by the continued sluggish performance of major banking groups. “The U.S. Dow Jones industrial average’s softness overnight pushed down Japanese stocks […]

NEW YORK (AP) – Alliance Capital confirmed Thursday that federal regulators intend to take civil action against the money management firm’s mutual fund operations – the same operations New York stateregulators are expected to charge next week over improper fund […]

Since being repriced at $99.99 just over a month ago, Nintendo’s GameCube video-game console has more than quadrupled its U.S. sales rate and has taken 18 points of market share from its twocompetitors, the company said. It had been selling […]

The growing mutual fund scandal hit Prudential Securities Inc. Tuesday as five former brokers and two former Boston branch managers were accused by regulators of improper trading, some of itallegedly hidden behind dummy names and numbers. The regulators painted a […]

Nov. 5–Many of the nation’s 95 million mutual fund investors are both confused and outraged to learn that the some of the funds were cheating them. A few fund shareholders have withdrawn their money; others are thinking about it; and […]

Nov. 5–The US Securities and Exchange Commission is expected to name one of its top lawyers, Peter H. Bresnan, as interim district administrator of its troubled Boston office, according to severalsecurities lawyers whose work brings them in contact with the […]

The government is conducting a broad sweep of the mutual fund industry and more charges are likely in the growing scandal in the $7 trillion business, a top enforcement official said Tuesday. Stephen Cutler, head of the Securities and Exchange […]

Nov. 5–A local company has become entangled in the growing scandal over illegal mutual-fund trading. Kaplan & Co. Securities Inc. in Boca Raton has not been charged, but has received a subpoena from the authorities for information involving allegations against […]

DENVER (AP) – The pension plan for tens of thousands of Colorado retirees is dropping the Janus Fund, citing allegations the Denver-based firm allowed improper trading. The Colorado Public Employees Retirement Association board has voted to remove Janus’ flagship fund […]

Nov. 4–WASHINGTON–At a Senate hearing Monday, lawmakers, regulators and even an industry spokesman portrayed the U.S. mutual fund business as a wasteland of deceit where insiders reap gains thatordinary investors could never achieve. Federal regulators promised to unleash a number […]

Prior to his appointment as deputy chairman of BSkyB yesterday, Lord Jacob Rothschild was not a name many would have associated with the technology-driven business of pay-TV. Neither, for that matter, would he have been considered a natural choice as […]