Schwab finds improper trading in funds SEC, state regulators may fight over enforcement turf By LANDON THOMAS JR. New York Times Saturday, November 15, 2003 Charles Schwab, the discount broker that revolutionized the mutual fund industry, said Friday that it […]

PHILADELPHIA (AP) — The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]

If last week’s rise in interest rates is making you worry about your finances, spare a thought for the poor super-rich. It seems that despite sitting on wealth that most people can only dream about, some are in fact finding […]

Nov. 15–Charles Schwab, which has built a reputation as the little investor’s friend, revealed yesterday that it’s investigating mutual-fund trades that favored a select few. The discount brokerage said there’s been after-hours trading in mutual funds it sells, which is […]

Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]

Tokyo, Nov. 14 (Jiji Press)–Stocks tumbled on the Tokyo Stock Exchange Friday, dragged down by selling of pricey technology issues amid the yen’s rise versus the dollar. Individual investors, who snapped up their darling Internet business investor Softbank and many […]

Companies take steps to reassure investors PBHG Funds ousts co-founders; Putnam settles fraud lawsuit By GRETCHEN MORGENSON New York Times Friday, November 14, 2003 Trying to contain deepening investor mistrust, one large mutual fund company ousted its founders Thursday and […]

Nov. 14–Oregon ditched scandal-tainted Strong Capital Management as manager of the Oregon College Savings Plan on Thursday, saying it could have a better plan in place within two to five months. Strong has been named by regulators in revelations of […]

Nov. 14–The already hard-hit mutual fund industry endured two new blows yesterday as more top executives resigned and one of the nation’s highest-profile fund families reached a partial settlementwith regulators over improper trading activities. Gary Pilgrim and Harold Baxter, the […]

Nov. 14–The already hard-hit mutual fund industry endured two new blows yesterday as more top executives resigned and one of the nation’s highest-profile fund families reached a partial settlementwith regulators over improper trading activities. Gary Pilgrim and Harold Baxter, the […]

Nov. 14–Founders of Pilgrim Baxter & Associates, a unit of the Boston-based operations of Old Mutual of London, were forced to step down yesterday amid disclosures of market timing in its mutualfunds by a hedge fund in which one of […]

State regulators are focusing on the top lawyer at Putnam Investments as they pursue an investigation into trading abuses that led to a partial settlement with federal regulators yesterday. A source familiar with the state investigation said William Woolverton, Putnam’s […]