Fund Founders to Settle, Pay $160 Million
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NEW YORK, Nov. 17 -- Gary L. Pilgrim and Harold J. Baxter, founders of a tech-based mutual fund that blazed and then fizzled in the 1990s, agreed yesterday to pay $160 million to settle charges that Pilgrim took advantage of trading opportunities and Baxter shared inside information at the expense of investors.
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The Robertson Stevens Investments firm agreed to pay $30 million to settled allegations it allowed &quot;excessive&quot; market timing in its mutual funds, New York Attorney General Eliot Spitzer said Wednesday.
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The Financial Services Authority has brokered a Â£194m compensation fund for 40,000 investors who lost money in split capital trusts.
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NEW YORK, Aug. 19 -- National Securities Corp., a Seattle brokerage firm, has agreed to a one-month ban on opening mutual fund accounts and must pay $600,000 in fines and restitution to settle allegations that its employees helped ...
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Two Franklin Templeton Investments units will pay $5 million to settle a Massachusetts complaint alleging the firm allowed a big hedge fund investor to make inappropriate mutual fund trades.
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U.S. apartment owner Archstone-Smith Trust  will have to pay a $235 million break-up fee plus expenses to end a proposed deal to be acquired by affiliates of Lehman Brothers  and Tishman Speyer for a total of $22.2 billion, the company said in a regulatory filing on Friday.
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Invesco Funds Group Inc. and two other mutual-fund units of Amvescap LLC will pay $375 million to settle Securities and Exchange Commission charges
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ALBANY, NY RS Investment Management agreed to pay 30 (m) million dollars to settle allegations it allowed &quot;excessive&quot; market timing in its mutual funds.
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It could make about $160 million in the US.
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In one of the biggest settlements to date in the mutual fund scandal, Invesco Funds and AIM Advisors agreed to $450 million in fines and fee reductions Tuesday to settle allegations they allowed favored customers to carry out illicit trading strategies in
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First Command Financial Planning Inc., a company that sold high-fee mutual funds to military officers, has agreed to pay $12 million to settle regulators&#39; charges that it used misleading sales material to promote the funds.
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The Pimco mutual fund group, which on Monday settled federal charges of allowing rapid trading in stock funds, on Wednesday is expected to pay at least $15 million to settle a joint federal and state probe into revenue
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U.S. apartment owner Archstone-Smith  Trust  will have to pay a $235 million break-up fee plus  expenses to end a proposed deal to be acquired by affiliates of  Lehman Brothers  and Tishman Speyer for a total of $22.2  billion, the company said in a regulatory filing on Friday.
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Deal to purchase the streaming-media tools developer is valued at nearly $160 million in cash and stock.
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Two companies that manage and market Franklin Templeton mutual funds have agreed to pay a total of $20 million to settle federal regulators' charges that they failed to disclose their use of fund assets to pay brokerages for steering customers to the funds.
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Three former employees at fund manager Amvescap yesterday agreed to pay penalties totalling $3.34m (Â£1.9m) to settle charges relating to the US mutual funds scandal.
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Two units of mutual fund company Franklin Resources Inc. (BEN.N: Quote, Profile, Research) agreed to pay $20 million in civil penalties to settle charges that they used fund assets