Regulators filed civil fraud charges against the two founders of the Pilgrim Baxter mutual fund family Thursday, saying they made millions for themselves and friends in an improper trading schemethat harmed other fund shareholders. Gary Pilgrim and Howard Baxter were […]

Nov. 21–Federal and state regulators yesterday charged former mutual fund stars Gary Pilgrim and Harold Baxter with allowing favored investors to make improper trades in funds managed by the companythey founded. The pair is the highest-profile defendants yet in a […]

A $750 million (E629 million) hedge fund quoted on the Irish Stock Exchange is under investigation by two US regulatory agencies over its valuation policies. Davy Stockbrokers is the sponsoring broker of the Trinity Fund, which is based in the […]

Nov. 21–STOCKS SAG AMID TERRORISM WORRIES: Last week, I quoted a stock market analyst saying the slippage in stock prices is a “pause that refreshes.” It was no surprise that solid gains in September and October prompted a bout of […]

HACKENSACK, N.J.–(BUSINESS WIRE)–Nov. 21, 2003–Global Investment Systems, announced today that its June 2003 release of MSHARE(R) had features in place to combat market timing, once again, provingGIS is the leader in anticipating industry trends and providing for client needs. In […]

Nov. 21–New York state and federal regulators filed civil fraud charges against mutual fund industry legends Gary Pilgrim and Harold Baxter Wednesday, turning up the heat on an expanding probe thathas been roiling the fund business for months. The suits […]

PHOENIX–(BUSINESS WIRE)–Nov. 21, 2003–QuoteMedia, Inc. (OTCBB:QMCI) announced today a contract with leading full-service investor relations firm Equity Alliance International, LLC, to provide acomprehensive range of market data solutions for its extensive network of investors, brokers, market commentators and stock analysts. […]

Nov. 21–Waddell & Reed Financial Inc. has so far found no signs of improper trading in its mutual funds, the company’s CEO said Thursday at a conference in New York. American Century Investments and the Buffalo Funds, both based in […]

Nov. 21–Gary L. Pilgrim and Harold J. Baxter defrauded investors in their PBHG funds, the Securities and Exchange Commission and New York state attorney general alleged yesterday in simultaneouscivil actions. The complaints accuse the founders and their mutual-fund firm, Pilgrim, […]

Nov. 21–FREE TRADE SUCCUMBS TO POLITICS: President Bush is jeopardizing America’s long-term economic health by using protectionist trade policy to further his quest for a second term in the WhiteHouse. Problems with European trading partners over U.S. steel tariffs ruled […]

OLD Mutual’s US group Pilgrim Baxter could face settlement costs of $250 million (148 million) over trading violations in the widening mutual funds scandal. US regulators have brought charges against the two founders of Pilgrim Baxter, threatening to make an […]

Tokyo, Nov. 21 (Jiji Press)–Tokyo stocks are seen top-heavy next week, as buying on expectedly upbeat bank earnings would be countered by unabated position-adjustment selling. Growing concern over terrorism could also check active buying, traders forecast. Major Japanese banks next […]