Regulation and compliance
Regulation and compliance
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Mutual fund managers invested in securities with any type of credit exposure will want to know that sister publication Asset Securitization Report has learned that another major wave of $2.8 billion-to perhaps as high as $8 billion-in collateralized debt obligation (CDO) liquidations is set to hit the market.
April 21 -
The Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission and New York Attorney General Andrew Cuomo are looking into possible irregularities in auction rate securities (ARS).
April 21 -
Standard & Poors said the potential bill to U.S. taxpayers for bailing out Wall Street firms could grow to $400 billion, reports The Washington Times.
April 15 -
Samuel Israel III, the former Stamford, Conn., Bayou hedge fund manager who authorities found to have cheated investors out of $400 million, was sentenced to 20 years in prison by a federal judge, the Associated Press reported Monday.
April 14 -
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NEW YORK - Equity mutual funds were hit with "drastic declines" across-the-board in just about every sector and style in the first quarter of 2008.
April 14 -
Consumer confidence in the economy, including stocks, bonds, mortgages, credit cards and structured products, is dropping, but experts say consumers need to stay invested in a fully diversified portfolio of mutual funds for their own good and for the good of the economy.
April 14 -
While criticisms abound as to who, or which regulatory entity, or set of laws and oversight, is to blame for the credit crisis, the Securities and Exchange Commission is quietly flexing new muscle of its own on the mutual fund trading scandal front.
April 14 -
A U.K.-based hedge fund that was sued by the Securities and Exchange Commission on Thursday said the lawsuit is utterly misguided, and vowed to fight the charges.
April 11 -
Chinese regulators are becoming increasingly skeptical of financial advice from the U.S. to sacrifice the countrys stability for the greater good of stabilizing the global economy, Reuters reports.
April 11 -
Regulators at the Securities and Exchange Commission have sued London-based hedge fund Pentagon Capital Management Plc over an alleged scheme to defraud U.S. mutual fund shareholders.
April 4 -
The Investment Company Institute said it welcomes Treasury Secretary Henry Paulsons plan to overhaul the financial systems regulation apparatus.
March 31 -
With ink from the news of the 2008 Recession already drying in the textbooks and the Big Chill on Wall Street overriding Hookergate glee, it's time, as they say, to think outside of the box.
March 31 -
Charles Schwab Corp. of San Francisco is facing a potential class-action lawsuit over no-load ultra short bond fund that allegedly loaded up on mortgage-backed securities and misled investors.
March 31 -
Eliot Spitzer, onetime Wall Street crusader, New York State Attorney General and New York Governor in a first term that ended with his abrupt resignation on March 17, may be forced to release thousands of incriminating e-mails linked to his alleged smear campaign against Senate Majority Leader Joseph L. Bruno.
March 31 -
Albany District Attorney David Soares has done an about-face and has told New York Senate Majority Leader Joseph Bruno that ex-governor Eliot Spitzers alleged involvement in an investigation into Brunos whereabouts was absolutely, positively Spitzers orders, according to reports over the weekend.
March 31 -
A £1 billion ($2 billion) hedge fund run out of London by Lewis Chester, Pentagon Capital Management, is under investigation by the Securities and Exchange Commission, The New York Times reports this morning.
March 28 -
Treasury Secretary Henry M. Paulson Jr. said Wall Street investment firms should provide more information on their financial condition if they are allowed to borrow money from the Federal Reserve.
March 26 -
Eliot Spitzer, former Wall Street crusader, New York State Attorney General and New York Governor in a first term that ended with his abrupt resignation on March 17, may be forced to release thousands of incriminating e-mails with regards to his alleged smear campaign against Senate Majority Leader Joseph L. Bruno.
March 25 -
Shareholders in a number of large Fidelity mutual funds, most notably the $73 billion Contrafund, succeeded in forcing a proxy vote that will take place later today on whether the company should institute a genocide-free investment policy, the Associated Press reports. The unbinding measure is unlikely to pass, however.
March 19