A Band-Aid for the Fund Industry's Broken Leg?

Article Abstract:

The House of Representatives is addressing the recent scandals involving the mutual fund industry by trying to change redemption fees and exploitation of market timing trades. Legislators are proposing an increase beyond the 2% fee rate for investors who withdraw their money from the funds prematurely or trade the funds too fre quently. Critics of this approach believe this may make the funds less desirable to investors, or even fail to prevent the abusive trading practices that have created this financial crisis.

Government expenditures, Commodity & service prices, Investment Offices, Legislative Bodies, Mutual Fund Mgmt Companies, Portfolio Management, US House of Representatives, Prices and rates, Economic policy, Mutual funds, United States. Congress. House, Redemption (Law), Securities trading, Company pricing policy

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Needing Cash, Veterans Sign Over Pensions

Article Abstract:

Financial companies are offering so-called pension advances to military personnel. There is a law which prohibits veterans from signing away their pensions, but it is often misinterpreted or not enforced.

Commercial Banks, Personnel administration, National Security, Mortgage and Nonmortgage Loan Brokers, Administration of Veterans' Affairs, Consumer Loans, Veterans Pensions & Disability, Active Military Personnel, Cases, Compensation and benefits, Military personnel, Personal loans, United States. Department of Defense, Military pensions, Truth-in-lending, Truth in lending

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2 Fund Groups Agree to Pay $450 Million To End Inquiry

Article Abstract:

Mutual fund companies the Invesco Funds Group and AIM Advisors have agreed to pay penalties in order to settle an investigation into investor favoritism.

United Kingdom, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Management investment, open-end, Financial services industry, Investigations, Beliefs, opinions and attitudes, Investor relations, United States. Securities and Exchange Commission, AMVESCAP PLC, AVZ, Spitzer, Eliot, INVESCO Funds Group Inc., AIM Advisors Inc.

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