Author Archives: the HedgeCo News Team
Ryanair and AIB hold ISEQ back while global peers rise ; Settlement Day: November 6th
Ryanair became the greatest source of excitement on the Irish market yesterday by firmly beating expectations with its first-half numbers. Almost four million shares changed hands in Dublin, with thestock slipping 14 cents to E7.16 on the back of profit-taking. […]
Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board
COLORADO SPRINGS, CO — (MARKET WIRE) — 11/04/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a financial services company that supports the financial community with back office fund administrationand client side support, announced today that Dr. Dingindawo Paulus Shongwe accepted […]
SEC, Mass. Charge Ex-Prudential Workers
The growing mutual fund scandal struck Prudential Securities Inc. on Tuesday as state and federal regulators filed civil charges against former brokers and branch managers at Prudential’s Bostonoffice alleging improper trading. The widely expected complaints by the Securities and Exchange […]
Citigroup, local firm to merge, add jobs ; Forum Financial Group in Portland will become Citigroup’s headquarters for its transaction services division.
Financial services giant Citigroup announced Monday that it is acquiring Portland-based Forum Financial Group, a move that officials say eventually could bring hundreds of jobs to Maine. Forum, a low-profile provider of back-office services for mutual funds and other investments, […]
Group to Remove Janus From Pension Plan
The pension plan for tens of thousands of Colorado retirees is dropping the Janus Fund, citing allegations the Denver-based firm allowed improper trading. The Colorado Public Employees Retirement Association board has voted to remove Janus’ flagship fund from the 401(k) […]
SEC More firms likely to be charged
WASHINGTON (AP) — More firms are likely to be charged in the burgeoning scandal surrounding the mutual fund industry, the head of the Securities and Exchange Commission’s enforcement division toldCongress Tuesday. Stephen Cutler, testifying about the wide-ranging investigations into the […]
Business Briefs
Citigroup to buy Forum Financial NEW YORK – Citigroup Inc., the world’s biggest financial-service company by market value, agreed to buy Forum Financial Group, a Maine-based provider of fund-administration services, to add accounting and transfer services for mutual funds and […]
SEC, state move against Prudential brokers
BOSTON (AP) — The growing mutual fund scandal struck Prudential Securities Inc. on Tuesday as state and federal regulators filed civil charges against former brokers and branch managers atPrudential’s Boston office alleging improper trading. The complaints by the Securities and […]
Pru probe will likely widen
Former brokers at Prudential Securities who face charges that they made millions in improper trades had plenty of outside help, Massachusetts regulators say. A complaint being filed today, a copy of which was obtained by the Herald, claims sales representatives […]
MediaGuardian : Rothschild a surprising name for a difficult job
Prior to his appointment as deputy chairman of BSkyB yesterday, Lord Jacob Rothschild was not a name many would have associated with the technology-driven business of pay-TV. Neither, for that matter, would he have been considered a natural choice as […]
Mutual Funds Are Riddled with Abuse, Experts Say
Nov. 4–WASHINGTON–At a Senate hearing Monday, lawmakers, regulators and even an industry spokesman portrayed the U.S. mutual fund business as a wasteland of deceit where insiders reap gains thatordinary investors could never achieve. Federal regulators promised to unleash a number […]
Group to Remove Janus From Pension Plan
DENVER (AP) – The pension plan for tens of thousands of Colorado retirees is dropping the Janus Fund, citing allegations the Denver-based firm allowed improper trading. The Colorado Public Employees Retirement Association board has voted to remove Janus’ flagship fund […]