Pilgrim-Baxter Founders Agree to Record Market-Timing Fine
Congratulations, Dick Strong. You're no longer at the top of the list of mutual fund executives who've had to reach into their own pockets to pay fines and penalties for allowing market timing. Number One with a bullet this week are Gary L. Pilgrim and Harold J. Baxter, co-founders of...
PBHG Funds Founders Settle Market Timing Case
Nov. 17, 2004 -- The founders of the PBHG mutual funds agreed to pay $160 million in restitution and fines and to accept a lifetime...
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....
Fremont Funds Settles Market Timing Case
Nov. 5, 2004 -- The investment advisor for Fremont mutual funds agreed on Thursday to pay $4.15 million to settle charges that it permitted market...
Jerry Wade is fed up with mutual funds. He's become so leery of the scandal-ridden fund industry that he recently launched a Web site, www.fundpolice.com,...
RS Investments Settles With Regulators
Oct. 6, 2005 -- RS Investment Management LP will pay $25 million to settle Securities and Exchange Commission charges that the company permitted rapid-fire trading...
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.
John Buckingham didn't start out with the goal of becoming a money manager. He was just a college kid who took a part-time job with...
IAFE Valuation Study Author Proposes Solution for Mutual Fund Timing
NEW YORK (HedgeWorld.com)--Fair-value pricing is the best way to eliminate the mutual fund arbitrage opportunities exploited by short-term traders, said Leon Metzger last month in...
Pilgrim Baxter Settles Market Timing Case
June 21, 2004 -- Pilgrim Baxter & Associates has agreed to a $100 million settlement in a case involving improper trading of its mutual funds,...