Money to repay investors hurt by fraud barely touched

Article Abstract:

A federal initiative to repay investors who lost money because of corporate misdeeds had collected $2.6 billion and returned only a few million dollars to shareholders. Officials with the Securities and Exchange Commission maintain and track the payment to be done to the investors whose stocks suffered due to the firm's fraud.

Venture Analysis, Business enterprises, United States. Securities and Exchange Commission

---

Strong will pay huge fine for traders

Article Abstract:

Strong Financial Corporation, Albany, New York, has agreed to a 175 million dollar settlement to resolve securities-fraud charges involving improper trading of the company's mutual funds. As a result, the founder Richard Strong was banned from money-management business and fined a penalty of 60 million dollar.

Management investment, open-end, Discipline, Mutual fund industry, Strong Financial Corp.

---

Disney fracas encourages calls for change

Article Abstract:

Activist shareholders are challenging corporate America's board of directors and management after getting inspired by the success at Walt Disney Co. A group of large public pension funds in effect declared war on Safeway Inc., announcing its goal of overhauling the board amongst other things.

Motion picture & video production, Motion picture industry, Walt Disney Co., Video production companies, Film and video production companies

Similar abstracts:

• Abstracts: Wind power. Comcast to drop its bid to buy Disney, analyst predicts. Phila. reality TV may get its shot
• Abstracts: Profiting by investing where others fear to tread. Venture Capital is flowing in Phila.. Merger market for young firms hits steep decline
• Abstracts: Toy chain to sell 3.75 million shares. Donations spur cancer research
• Abstracts: Jones plans to buy rival apparel firm. Fees up for travel from N.J. to Phila. Holt Group charts a course for its survival
• Abstracts: Local firms send jobs offshore to survive -- and prosper: Wayne: Push to slash costs for customers. A heated job market lies below the surface: New coal miners are desperately needed

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.