Monthly Archives: September 2003
Bloomberg Tradebook Becomes Hong Kong’s First Automated Trading Service First ATS Authorized by Securities and Futures Commission
<body.content> <block> <p>HONG KONG, Sept. 29 /PRNewswire/ — Bloomberg Tradebook Hong Kong Ltd (“Bloomberg Tradebook Hong Kong”) is pleased to announce that it is authorized asHong Kong’s first Automated Trading Services (“ATS”) platform under Part III of the Securities and […]
Interim NYSE Chairman Seeks New Rules First, New Board Later
Sep. 30–New York Stock Exchange’s interim leader John Reed wants to set new rules for its operations before sacking any of the beleaguered board. It’d be “quite foolish to look at the membership of the board and then at governance,” […]
SEC Seeks Court Help for Enron Papers; Action Targets Firm’s Former Chairman
Sep. 30–The Securities and Exchange Commission yesterday sought a federal court order forcing former Enron Corp. Chairman Kenneth Lay to produce documents that the corporate tycoon indicated mightimplicate him in Enron’s massive fraud. In its first move against Mr. Lay, […]
SEC to Require Closer Accounting, Disclosures from Mutual Funds
Sep. 30–Chet Gerstenbluth never worried about investing in mutual funds … until this year. Even as scandals engulfed publicly traded companies and big brokerages, the industry managed to stay relatively clean. But then the systems analyst started hearing about investigations […]
Alliance Capital Management Issues a Statement With Regard to Its Mutual Fund Advisory Business
<body.content> <block> <p>NEW YORK, Sept. 30 /PRNewswire-FirstCall/ — As has been publicly reported, the Office of the New York State Attorney General (“NYAG”) and the UnitedStates Securities and Exchange Commission (“SEC”), are investigating practices in the mutual fund industry identified […]
SEC will consider tightening oversight of hedge funds, chairman
WASHINGTON (AP) — The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency saidMonday. Following an investigation of the industry — which traditionally has offered investments […]
Emerson Poynter LLP Announces Shareholder Class Action Against Bank of America Corp. Defendants and Canary on Behalf of Purchasers of Certain Nations Funds — PHBAX, NTBBX, NTBCX, NATAX
HOUSTON, Sept. 29, 2003 (PRIMEZONE) — Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed in United States District Court forthe Northern District of California, case number 03-CV-6957, on […]
Mutual Fund Investors Urged to Stick to Basics
Sep. 29–CHAMPAIGN, Ill.– Investors choosing mutual funds often look too much at past performance and not enough at fundamentals, a nationally known expert on mutual funds says. Don Phillips, managing director of the Morningstar mutual funds rating service, said that’s […]
TradeTek Selects TNS to Provide Co-Location Hosting and Network Connectivity
NEEDHAM, Mass.–(BUSINESS WIRE)–Sept. 29, 2003– Extranet Integration Supports Complete Spectrum of TradeTek Service Bureau Offerings in a Secure and Redundant Environment TradeTek, LTD., an independent provider of real time market data and direct access trading technology, announced today an agreement […]
Web Reporting Made Available in World’s Largest Domicile of Hedge Funds
<body.content> <block> <p>HAUPPAUGE, N.Y., Sept. 29 /PRNewswire/ — CorrectNet, the leading provider of web reporting solutions to asset managers, launched its Cayman data centerthrough Brac Informatics in response to client demands. As stated in the article ‘A New Wave’ in […]
SEC May Tighten Oversight of Hedge Funds
WASHINGTON (AP) – The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency said Monday. Following an investigation of the industry – which traditionally has offered […]
EU-style economy for E. Asia?
As East Asian nations work in earnest for regional trade arrangements, financial co-operation in the area has begun moving quietly onto the agendas of experts, financial technocrats and regionalpoliticians. On their minds is the building of a framework that might […]