Articles > Newspapers > U.S. Newspapers, Local Markets Th-Z > Telegraph - Herald (Dubuque) articles > November 2003

Article: Group discusses mutual fund mess; Momentum is building for action by Congress, SEC

Article from:
Telegraph - Herald (Dubuque)
Article date:
November 15, 2003
Author:
Copyright

WASHINGTON (AP) - Investors' outrage is building over the mutual fund scandal, and many with money in implicated funds are voting with their feet: $14 billion was yanked from one big-name company after regulators filed fraud charges.

Underscoring the urgency of the situation, a special presidential advisory group met Friday to discuss the mutual fund debacle and initiatives to overhaul the way the $7 trillion fund industry operates. The group, established in response to the stock market collapse in 1987, includes Federal Reserve Chairman Alan Greenspan, Treasury Secretary John Snow and William Donaldson, chairman of the

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: GAO Finds the SEC Failed to Uncover Mutual ...
U.S. Newswire;  April 22, 2005 ;     700+ words ... ... financial risks to mutual fund company shareholders, the SEC did not examine ... practice. The SEC's failure to act cost mutual fund shareholders approximately ... even the largest mutual fund companies betrayed ... trust, while the SEC was asleep at the ...

SEC Mutual Fund Oversight: Positive Actions Are ...
General Accounting Office Reports & Testimony;  August 1, 2005 ;     700+ words ... ... September 2003, SEC did not examine mutual fund companies for trading ... potential risks. SEC also adopted a rule that requires mutual fund companies to appoint ... September 2003, SEC has brought 14 ... actions against mutual fund companies and 10 ...

Article: SEC Tightens Disclosure Rules for Mutual ...
Knight Ridder/Tribune Business News;  January 15, 2004 ;     700+ words ... ... represents the mutual fund industry, backed the SEC proposal on disclosure ... Nevertheless, the mutual fund industry is confident ... the reforms the SEC ultimately enacts ... Oxford, Miss. SEC staff also voted ... to require that mutual fund chairman and 75 ...

Article: SEC endorses 4 p.m. end to mutual fund ...
Knight Ridder/Tribune News Service;  December 3, 2003 ;     700+ words ... ... late trading. The SEC also backed a proposal ... disclosure of a mutual fund's policy on market ... rapidly drafted after SEC Chairman William ... several proposed mutual fund rules that the ... investigations of the mutual fund industry by the SEC and New York State ...

Mutual Fund Trading Abuses: Lessons Can Be Learned from ...
General Accounting Office Reports & Testimony;  May 1, 2005 ;     700+ words ... ... Exchange Commission (SEC), which is the mutual fund industry's primary ... assesses the steps that SEC has taken to strengthen its mutual fund oversight program and improve mutual fund company operations ... September 2003, SEC did not examine for ...

Article: SEC endorses 4 p.m. end to mutual fund ...
The Milwaukee Journal Sentinel;  December 4, 2003 ;     700+ words ...SEC endorses 4 p.m. end to mutual fund trading By KEN MORITSUGU ... late trading. The SEC also backed a proposal ... better disclosure of a mutual fund's policy on market ... investigations of the mutual fund industry by the SEC and New York Attorney ...

Article: SEC Backs Plan to Cut Off Mutual Fund ...
Knight Ridder/Tribune Business News;  December 4, 2003 ;     700+ words ... ... late trading. The SEC also backed a proposal ... disclosure of a mutual fund's policy on market ... rapidly drafted after SEC Chairman William ... several proposed mutual fund rules that the ... investigations of the mutual fund industry by the SEC and New York State ...

Article: Mutual Fund Board Rule Thrown Back to SEC
The Washington Post;  April 8, 2006 ;     700+ words ... ... to implement it by mutual fund companies. The decision yesterday gives the SEC 90 days to seek public ... drop the rule. The mutual fund board rule first passed ... would like to see the SEC require clear disclosures to mutual fund investors about the ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives