Meet Roslyn Platt, a Customer Of Putnam. She's Not Amused
Article Abstract:
Eighty-year-old retiree and Putnam investor Roslyn Platt decided to sell her mutual fund shares after she learned about the stock trading scandal that is undermining one of the country's strongest mutual fund companies. She had believed in Putnam's reliability and integrity, but her new attitude reflects growing investor distrust. Mutual funds, a $7 trillion industry, are held by 90 million Americans who now must deal with the trustworthiness of their investments. If investors continue to withdraw funds, fund managers could be limited in their financial flexibility. Because Putnam, Janus and Strong are under investigation, there is concern over the impact of investor withdrawal.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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Insurance Scandal Jolts Industry but Devastates Workers
Article Abstract:
As a result of being charged with bid-rigging, insurance company, Marsh and McLennan Companies Inc.'s stock has dropped almost 50 percent. The employees who have invested millions into the company through stock purchase or retirement plans may be hurt most.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
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