Photo-Me International has had a fairly torrid time since the start of the month and last night it became clear exactly who has been exerting the selling pressure. It’s the market’s old friend SimonCawkwell, aka Evil Knievil. This week it […]

Ex-fund chiefs tied to fraud PBHG founders permitted improper trading, regulators say By REED ABELSON AND RIVA ATLAS New York Times Friday, November 21, 2003 Regulators on Thursday accused Gary L. Pilgrim and Harold J. Baxter, founders of PBHG mutual […]

TOKYO, Nov. 21 (Kyodo) — The U.S. dollar rose slightly against the yen Friday morning in Tokyo as some U.S. hedge funds converted yen-denominated shareholdings into dollars to repatriate prior tothe Nov. 30 book-closings. The late-morning dollar selling pared most […]

Nov. 20–Fidelity Investments, the nation’s largest mutual fund company, is coming under growing scrutiny in an industry-wide probe of improper trading. The Boston-based firm, which manages about $905.6 billion in assets, said yesterday that Massachusetts securities regulators have subpoenaed information […]

MOTOR insurers are ready to adopt the centralised database of motor repairs estimation, in line with Bank Negara Malaysia’s directive that all vehicle accident claims use a standardised database for motor parts prices and labour charges in estimating repair cost. […]

NEW YORK (AP) – 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 impropertrading scheme that harmed other fund shareholders. Gary Pilgrim […]

NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]

A lone FBI agent working undercover for 18 months broke open the dramatic New York case that led to the raids and arrests of a slew of foreign-exchange traders in Manhattan on Tuesday, officials saidyesterday. The giant sting – dubbed […]

NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]

HONG KONG (AP) — Tokyo shares rebounded Thursday after technology and banking blue chips got a boost from gains on Wall Street, but other Asian markets closed mixed. Japan’s Nikkei Stock Average of 225 issues surged 251.10 points, or 2.6 […]

Nov. 20–Richard S. Strong’s trades in his company’s mutual funds exceeded prospectus guidelines, the managing director of Strong Financial Corp.’s institutional business said Wednesday. Managing Director F. Jon Baranko said Strong’s prospectus says two in-and-out trades in a month or […]

NEW YORK (AP) — The founders of the Pilgrim-Baxter fund family were charged by state and federal regulators Thursday with improper trading of their funds to benefit themselves and friends at theexpense of longer-term shareholders. The civil actions by the […]