Monthly Archives: November 2003
Former Prudential Securities Brokers to Face Civil Fraud Charges
Nov. 4–The U.S. Securities and Exchange Commission and Massachusetts regulators plan to levy civil fraud charges today against former Prudential Securities brokers in the latest fallout from awidening probe of the $7 trillion mutual fund industry. State and federal regulators […]
Portland, Maine, to Be Citigroup’s Headquarters for Transaction Services Unit
Nov. 4–Financial services giant Citigroup announced Monday that it is acquiring Portland-based Forum Financial Group, a move that officials say eventually could double or even triple the size of theMaine work force. Forum, a low-profile provider of back-office services for […]
Massachusetts Charges Prudential Brokers with Organizing Fraudulent Scheme
Nov. 4–With the knowledge of their superiors, Prudential Securities brokers in the firm’s Boston office used multiple account numbers, misleading addresses, and misspelled names as part of a”fraudulent scheme to enrich themselves and their offshore hedge fund clients at the […]
FSA investigates UK funds over `time lag’ trading
THE FINANCIAL Services Authority is investigating the UK fund management industry for controversial dealing activities that take advantage of time differences across world markets to the detriment oflong-term investors. The activities are rife in the United States mutual fund industry. […]
Venture capital advice
BUSINESSES will be given an insight into how to secure venture capital funding at a forum event in Cardiff tomorrow. Among the speakers will be chief executive of Sir Terry Matthews’s high technology venture capital fund Wesley Clover, Simon Gibson. […]
Late-trading row deepens in America
THE late-trading scandal on Wall Street took a turn for the worse today as the Securities and Exchange Commission found 10% of 88 top mutual fund firms may have been involved, a source told Reuters.Late trading gives hedge funds and […]
Chicago Law Firm Much Shelist Reminds Investors that Lead Plaintiff Petitions for Securities Fraud Lawsuit on Behalf of Investors in Strong Mutual Funds are due November 4, 2003
CHICAGO, Nov. 3, 2003 (PRIMEZONE) — The deadline for investors in Strong Mutual Funds to move for lead plaintiff in a securities fraud class action against Strong Capital Management, Inc., itsChairman and founder, Richard Strong, and the Strong Family of […]
Banks, Investment Firms Offer Extras to Those with Lots of Money
Nov. 3–When Jim King’s family sold the business seven years ago for more than $100 million, he had a lot of big financial decisions to make. For help investing his money and minimizing his tax bill, King turned to a […]
Don’t forget crisis lessons, says Tung, THE STANDARD
xfdws DON’T-FORGET-CRISIS sked Emerging Markets Datafile November 03, 2003 THE STANDARD HONG KONG ENGLISH Don’t forget crisis lessons, says Tung, THE STANDARD Louis Beckerling ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, […]
R. F. Lafferty & Co. Offers VhaYu’s TraderBot Real-time Financial Search Engine on Subscription Basis to its Expanding Customer Base
NEW YORK & LOS GATOS, Calif.–(BUSINESS WIRE)–Nov. 3, 2003–According to R.F. Lafferty, one of the leading options brokers in the US, “Trading puts and calls is complicated and fast paced. Ifyou are trading options on highly volatile stocks, seconds can […]
Citigroup to Acquire Forum Financial Group; Citigroup’s Global Transaction Services Strengthens Its Fund Administration Services Offering
NEW YORK–(BUSINESS WIRE)–Nov. 3, 2003–Citigroup (NYSE: C) today announced that it is acquiring Forum Financial Group, a provider of fund administration services with over 18 years of servicehistory. The acquisition will include Forum Financial Group’s operations in Portland, Maine, Warsaw, […]
Yukos affair raises investor caution
The arrest last weekend of Russia’s richest man, Mikhail Khodorkovsky, and a decision by the Russian government to freeze $14 billion worth of stock in Yukos Oil, the company Khodorkovsky controls,is a reminder to foreign investors of how risky and […]