2 Pilgrim-Baxter Fund Founders to Settle
676542
The two founders of the Pilgrim-Baxter mutual fund family have agreed to pay &#36;80 million each to settle regulators' charges of improper trading of their funds to benefit themselves and friends at the expense of longer-term shareholders, the authorities announced Wednesday.
263277
Eighteen City firms have agreed to pay Â£194m into a fund to compensate investors who lost money in the split-capital trust scandal.
123207
Massachusetts awarded the first loan from its newly created $25 million emerging technology fund to help Acusphere, a Watertown-based biotech company, renovate a Tewksbury building as a manufacturing facility. The granting of the $2 million loan brought Senate President Robert Travaglini, a Boston Democrat, back together with former House Speaker Thomas Finneran, who recently took a job as president of ...
562525
Federal regulators are expected to bring charges this week against two former employees of the mutual fund unit of the old FleetBoston Financial Corp. -- and settle with three others -- in connection with a long-running investigation of improper market-timing trading at the former bank's Columbia funds unit, according to attorneys and officials involved in the case.
553994
Putnam Investments and MFS Investment Management are two big Boston money managers that always have had a lot in common, not the least of which were deep business roots that stretch back to the very early years of the mutual fund industry.
678190
The $850 million settlement Marsh &amp; McLennan Cos. reached with New York Attorney General Eliot Spitzer yesterday will have a small but positive effect on its mutual-fund subsidiary, Putnam Investments, but is unlikely to resolve whether the Boston firm should split from its corporate parent, analysts said yesterday.
205525
Federal securities regulators will throw their weight behind investors in a big-money dispute that could resolve whether shareholders can sue bankers who enabled their corporate clients to engage in fraud, two people familiar with the decision said yesterday.
759736
The founders of the Pilgrim Baxter &amp; Associates money-management firm agreed yesterday to personally fork over $160 million to settle charges they allowed a friend to
583104
Two of the UK's largest life insurers, Friends Provident and Resolution, agree to merge in a deal worth Â£8bn.
54563
The City watchdog, the Financial Services Authority, announced today that it has agreed a Â£194 million compensation fund for investors who lost money in split-capital trusts four years ago.
751559
Two units of mutual fund company Franklin Resources Inc.  agreed to pay &#36;20 million in civil penalties to settle charges that they used fund assets to pay for marketing and failed to adequately tell investors, federal regulators said on Monday.
623842
The $80 million penalties against the founders of Pilgrim Baxter are the largest imposed on individuals since investigations began last fall into improper trading at some mutual fund companies.
429483
cLennan Cos&quot;/&gt;Marsh &amp; McLennan, which the New York attorney general&#39;s office has accused of bid-rigging and price-fixing, said last night that it was setting up a fund to be used for restitution in any settlement agreement.
48986
The founders of the PBHG mutual funds  agreed to pay $160 million in restitution and civil fines, and  to accept a lifetime ban from the securities industry to  resolve allegations they facilitated improper trading in the  funds, regulators said on Wednesday.
599553
Three companies that manage and market Pimco stock mutual funds have agreed to pay a total $20.6 million to settle allegations that they failed to disclose their use of fund assets to pay brokerages for steering customers to the funds.
96277
Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
421556
Resolution and Friends Provident, two of Britain&#39;s biggest life insurers, are heading for a merger worth 8.3 billion pounds, a newspaper said Sunday.