Distaff Investing: Wall Street Markets a New Fund

Article Abstract:

A mutual fund specifically aimed at women is now being marketed. Somerset Capital Management Inc. is promoting two funds, both called Libra, for women. Women who are lacking in financial knowledge are the specific targets. The funds' track records to date are rather spotty. Women investment analysts are dismissing the funds as a marketing plug. There are some plans to market the funds through women's groups.

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Florida Casino Issue Dead

Article Abstract:

The State of Florida has ordered Florida Casino Associates to return investors' money. The group's novel stock offering to fund a statewide compaign to legalize gambling in Florida is dead. The state also believes several illegal transactions took place in the enterprise.

Laws, regulations and rules, Securities, Gambling, Politics

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