Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen for hedge funds in an illegal mutual funds late-trading scheme that cost investors $1 million. Those charged with felonies by New York Attorney General Eliot […]

Criminal charges were filed Tuesday against three former top executives at Security Trust Co. for allegedly acting as middlemen for hedge funds in an illegal late-trading scheme that cost investors$1 million. Those charged with felonies by New York Attorney General […]

<body.content> <block> <p>CHICAGO, Nov. 25 /PRNewswire/ — Peregrine Financial Group, Inc. (PFG), in cooperation with Trader Source, Inc. (TSI), today announced Villano Capital andArthur Aschauer as the winners of the “CTA Challenge 2003.” Trading firm Villano Capital receives a $1 […]

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 […]

<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire-FirstCall/ — Bank of Bermuda , today announces that its Global Fund Services division is expanding its global network ofoffices by opening an office in San Francisco. Global Fund Services (San Francisco) Limited, a […]

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 […]

ALBANY, New York (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“pervasive misconduct” in a late-trading scheme that cost investors […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: November 24, 2003> Time: 18:30:00> Tran: 112400cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Guest: William Parrett, Daniel Mitchell> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]

Wide support grows for stance against the flawed operations of the Financial Services Authority TODAY’S column gives an opportunity to catch up with the letters and e-mails of support for my criticisms of the Financial Services Authority that readers have […]

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 […]

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 […]

Nov. 24–In the 1960s, Lyndon Johnson told us we could afford “guns and butter.” That we could spend money fighting a war and finance the “Great Society.” Now George Bush is telling us we can have “guns and tax cuts.” […]