{"id":11185,"date":"2009-08-05T00:00:00","date_gmt":"2009-08-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"strong-payout-near-resolution","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/strong-payout-near-resolution.html","title":{"rendered":"Strong payout near resolution"},"content":{"rendered":"<p>Milwaukee Journal Sentinel &#8211; Five years after regulators forced the sale of Strong Funds to Wells Fargo and Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their share of a $154&ensp;million settlement.<\/p>\n<p>A proposal for doling out the money was developed by an independent consultant and has been published on the Securities and Exchange Commission Web site.<\/p>\n<p>The proposal, which awaits SEC approval, would give priority to reimbursing investors in 24 Strong funds whose losses were related to &#8221;frequent trading.&#8221; Frequent traders often aim to take advantage of differences between the share price of a fund and the actual value of the securities it holds &#8211; a maneuver that can harm the interests of long-term shareholders.<\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.jsonline.com\/business\/52484922.html?FORM=ZZNR9\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Milwaukee Journal Sentinel &#8211; Five years after regulators forced the sale of Strong Funds to Wells Fargo and Co. at the height of a national mutual fund scandal, investors in 24 former Strong Funds are moving closer to receiving their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2410,14955,14954,14952,14957,4504,129,14958,14950,14951,11749,6706,45,14953,35,21,4845,5661,8774,14956],"class_list":["post-11185","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-commission-web","tag-ensp","tag-frequent-traders","tag-independent-consultant","tag-investors","tag-losses","tag-maneuver","tag-milwaukee-journal-sentinel","tag-mutual-fund-scandal","tag-priority","tag-proposal","tag-regulators","tag-sec-approval","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-share-price","tag-shareholders","tag-strong-funds","tag-wells-fargo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11185"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11185\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}