B of A Broker's Trial Begins This Week
NEW YORK (HedgeWorld.com)--Former Bank of America securities broker Theodore Sihpol goes on trial this week for his alleged role in helping hedge fund Canary Capital Partners LLC conduct market timing and late trading of mutual fund shares. He is accused of grand larceny, fraud and falsifying records. Technically, the case...
Bank of America Units to Pay Market-Timing Fines
WASHINGTON--The U.S. Securities and Exchange Commission ordered mutual fund and broker-and-clearing-firm arms of Bank of America to pay US$375 million to settle charges of market...
Fremont Investment Advisors Settles Market-Timing, Late-Trading Charges
SAN FRANCISCO (HedgeWorld.com)--Fremont Investment Advisors Inc. agreed to pay US$4.1 million and reform its corporate governance practices in order to settle charges brought by the Securities and Exchange Commission and New York State Attorney General's Office that it allowed market timing and late trading of shares in its mutual funds....
PIMCO Settles with SEC
WASHINGTON (HedgeWorld.com)-PA Fund Management LLC, PEA Capital LLC and PA Distributors LLC agreed Monday to settle charges they allowed market timing in PIMCO Funds Multi-Manager Series mutual funds. The three firms, which used to share the PIMCO name but have been rebranded, collectively will pay US$40 million in civil penalties...
Bank One Unit Settles with Spitzer, SEC
Two days before it merges with J.P. Morgan Chase & Co., creating the nation's second-largest bank, Bank One Corp. announced a settlement of mutual fund market-timing allegations made by the New York State Attorney General and the Securities and Exchange Commission.
Ameritrade to Buy JB Oxford's Discount Brokerage Business
Ameritrade Holding Corp. subsidiary Ameritrade Inc. said Monday it plans to buy the online retail account business of JB Oxford Holdings Inc.
NJ Attorney General Clears PIMCO, Settles with Allianz and Affiliates
Put one in the win column for Bill Gross.
Strong Capital Settles with SEC, States
Strong Capital Management Inc., its founder Richard S. Strong and two senior executives together have agreed to pay US$140 million in restitution and civil penalties for their roles in allowing and carrying out market timing of the company's mutual funds.
SEC Charges PIMCO With Fraud and Market Timing
May 6, 2004 -- The SEC said it filed civil fraud charges in federal court against PIMCO Funds for defrauding its mutual fund investors in...
Civil Fraud Charges Filed against PIMCO Advisors
WASHINGTON (HedgeWorld.com)--The Securities and Exchange Commission today filed in federal court civil fraud charges against PIMCO Advisors. The charges came as no surprise following a February...