Franklin Resources Settles With California Regulators
By Staff WriterNov. 17, 2004 -- Franklin Resources (BEN) will pay $18 million to settle charges that it paid brokers to promote its mutual funds, the California...
November 22, 2004
Officials Post Broker Comp Court Documents On WebNU Online News Service, Nov. 22, 2004, 5:24 p.m. ESTCalifornia insurance regulators have put a copy of their broker compensation complaint and a proposed ...
November 22, 2004
NCOIL Slams Federal Standards LegislationThe National Conference of Insurance Legislators has officially come out against proposed federal insurance regulatory reform legislation.[@@]NCOIL President Steve Geller, a Democratic member of ...
November 22, 2004
Humana Allies With J.P. Morgan ChaseNU Online News Service, Nov. 22, 2004, 3:35 p.m. ESTA large Louisville, Ky., health insurer is building health savings account services from a New ...
November 22, 2004
MSCI Indexes Show Small Gains in OctoberNEW YORK (HedgeWorld.com)--Hedge fund performance was up slightly last month, with directional trading strategies topping the MSCI Hedge Fund Composite and Process Group indexes. The composite index gained 0.8% with 65% of funds reporting their October returns by Nov. 10. The hedge fund index has yet to surpass the MSCI...
November 22, 2004
Maximum Federal LTC Deduction Rises to $3,400The Internal Revenue Service has announced the new, inflation-adjusted amounts for certain items that taxpayers need to compute their 2005 federal income taxes.[@@]The changes, ...
November 22, 2004
Recent M&A Activity Bodes Well For Merger FundsNov. 19, 2004 -- Prospects for funds that focus on mergers look good right now, observers say, because after a dry spell during the last three years, announced corporate takeovers and buyouts have picked up in recent months. Through November 9th, 6,891 acquisitions valued at $609.3 billion had been announced,...
November 22, 2004
Pilgrim-Baxter Founders Agree to Record Market-Timing FineCongratulations, 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...