Sep. 5–After its first year in business, a company given $500,000 by the state to find venture capital for Nebraska businesses has yet to procure a single dollar of investment. Invest Nebraska Corp. has counseled businesses looking for investment, has […]

NEW YORK — Anxious not to be left behind, the Securities and Exchange Commission moved quickly Thursday to join the growing investigation into a mutual fund trading scandal. SEC enforcement chief Stephen Cutler said the commission was requesting documents from […]

NEW YORK — If it weren’t against the law, a trading scheme that prosecutors say enriched a hedge fund firm and exposed the seamy side of the mutual fund business would be considered a can’t-missinvestment strategy. In its early stages, […]

A START-UP COMPANY is only as good as the entrepreneur at the helm. No one knows this better than venture capitalists, who are in the business of identifying smart, passionate and competitive business leaders. But finding and holding on to […]

A little-known company called Security Trust Co. is caught in the escalating investigation into the questionable business practices of the mutual fund industry. What remains to be seen is whether the Phoenix-based company merely provided the computerized tools hedge funds […]

Sep. 5–The Securities and Exchange Commission took immediate and sweeping action yesterday to ensure mutual funds and investment banks don’t engage in fraudulent after-hours trading. Just a day after state Attorney General Eliot Spitzer announced a $40 million settlement with […]

Sep. 5–FUND FAVORITISM MAY BE NEXT FEAR: Despite the summer rally in stocks, Wall Street continues to be plagued by what is known in presidential politics as the character issue. Charges by New York Atty. Gen. Eliot Spitzer that mutual […]

Sep. 5–Within months of striking a deal to work with Canary Capital Partners LLC, Bank of America Corp. executives were calling the relationship “controversial” and questioned some of the firm’strading practices, according to court records. In the Canary relationship, initiated […]

Sep. 4–Trading in Compuware Corp. stock surged Wednesday as rumors circulated that the Detroit software maker might sell part or all of its mainframe products division. More than 6.2 million shares — twice the average daily volume — changed hands […]

New York’s top securities cop accused four big mutual fund firms yesterday of participating in illegal trading schemes to hand fund shares to certain traders at prices notavailable to most investors. Though New York Attorney General Eliot Spitzer didn’t name […]

Sep. 4–What do Screaming Yellow Zonkers, pricey bedroom sets and a few hedge funds have in common? A new landlord. The building that houses the Huffman Koos Furniture store, novelty popcorn maker Lincoln Snacks Co. and several office tenants off […]

THE alleged swindling of millions of mutual fund investors in the US could in theory be replicated with unit trust investors here, a leading independent financial adviser has warned. “It’s technically possible,” said Bestinvest director John Spiers, who added that […]