Author Archives: the HedgeCo News Team
Mass. Regulators Seek Putnam Documents
State securities officials were probing possible improper market timing at one of Putnam Investments’ international funds. Secretary of State William Galvin said Monday subpoenas were issued Thursday, regarding trades at the firm’s International Capital Opportunities Fund between January and September […]
Charges Planned in N.Y. Mutual Fund Case
State and federal securities regulators have prepared criminal and civil charges against a former employee of Bank of America over illegal mutual fund trading practices, a source familiar with thecase said Tuesday. New York Attorney General Eliot Spitzer planned an […]
Criminal, civil charges filed against Bank of America employee in
NEW YORK (AP) — State officials Tuesday filed the first criminal counts in their investigation of mutual fund trading practices, charging a former Bank of America employee with grand larceny andsecurities fraud. New York Attorney General Eliot Spitzer announced the […]
Fighting to save its bacon
PPL Therapeutics is best known for cloning Dolly the sheep in 1996, but its first major breakthrough in the laboratory came six years earlier with the birth of Tracy the transgenic sheep, whoproduced human protein in her milk. Tracy passed […]
Charges Filed in N.Y. Mutual Fund Case
NEW YORK (AP) – State and federal authorities filed criminal and civil charges Tuesday against a former employee of Bank of America over illegal mutual fund trades they say cost investors tens ofmillions of dollars. Theodore Sihpol III, 36, surrendered […]
Charges Filed in Mutual Fund Trading Case
NEW YORK (AP) – State and federal securities regulators filed criminal and civil charges Tuesday against a former employee of Bank of America over illegal mutual fund trading practices. New York Attorney General Eliot Spitzer announced felony larceny and securities […]
PR Newswire National Summary, Tuesday, Sept. 16, 10 a.m. to noon ET
<body.content> <block> <p>Following is a summary of news releases transmitted between 10 a.m. and noon by PR Newswire. The full text of these releases is available at the PRNewswire for Journalists, http://media.prnewswire.com/.</p> <p style=”pre” id=”pre1″> CGTU047 09/16/2003 10:00 r f […]
Putnam lands in Galvin’s sights; Fund trading inquiry no `fishing expedition’
Secretary of State William Galvin confirmed yesterday that his staff has launched a probe into possible improper fund trading at Putnam Investments in Boston. The Putnam inquiry is Galvin’s latest investigation into mutual fund trades and comes as the industry […]
Goodbye Dolly as PPL goes up for sale
DOLLY the sheep firm PPL Therapeutics caved in to pressure from hedge funds and put itself up for sale, the latest example of a British scientific breakthrough ending up a disappointment. Value investor and 21pc stakeholder Metage Capital was one […]
Mass. Regulators Eye Papers From Putnam
BOSTON (AP) – State securities officials were probing possible improper market timing at one of Putnam Investments’ international funds. Secretary of State William Galvin said Monday subpoenas were issued Thursday, regarding trades at the firm’s International Capital Opportunities Fund between […]
Probability best investment guide
Controversies that are testing investors’ faith in the stock market are to be expected following an unprecedented 17-year economic expansion and run-up in U.S. markets. Corporate wrongdoing, investment malfeasance and exorbitant salaries and benefits don’t surprise James W. Brinkley, vice […]
Former Bank of America Worker May Face Criminal Charges in Mutual Fund Probe
Sep. 16–New York and federal officials are expected to announce criminal and civil charges today related to the widening mutual fund investigation that has ensnared several large companies,including Bank of America Corp. In a joint press conference scheduled for noon […]