Fund Misconduct Is Common, Panel Is Told

Article Abstract:

Two officials from Canary Capital Partners and Putnam Investments testified before a Senate panel investigating mutual fund industry abuses. James Nesfield stated it was easy to find mutual fund brokers who would engage in market timing trades with Canary, and Peter Scannell had tried to alert the SEC about corrupt practices at Putnam but was ignored and had to go to Massachusetts authorities to get government action to stop the market timing practices. Putnam has offered to reduce investment fees and expense ratios, and decrease upfront sales charges from 0.75 to 0.25 each investment as a way of re-establishing investor confidence.

Legislative Bodies, US Senate, Public relations, Mutual fund industry, United States. Congress. Senate, Hedge funds, Company public relations, Putnam Investments Inc., Evidence, Canary Capital Partners L.L.C., Nesfield, James, Scannell, Peter T., Fitzgerald, Peter G., Haldeman, Charles E., Jr.

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A Texas Race For the House Or the F.C.C.?

Article Abstract:

Telecommunications and energy companies have been supporting the Congressional campaign of Becky Armendariz Klein in Texas, even though she is expected to lose, because of her connections in Washington and because of speculation that she might be appointed as the next head of the Federal Communications Commission.

Communications, Broadcasting and Telecommunications, Telephone Communication, Management dynamics, Texas, Management, Telecommunications services industry, Telecommunications industry, Political activity, Donations, Political aspects, Communications industry, Energy industries, Energy industry, Company business management, Klein, Becky Armendariz

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F.C.C. to Review Decision on Sale Of 4 Stations

Article Abstract:

The Federal Communications Commission will reconsider a decision it made to allow convicted Oklahoma politician Gene Stipe to sell radio stations.

Strategy & planning, Acquisitions & mergers, Government regulation (cont), Financial management, Government regulation, Legal/Government Regulation, Radio broadcasting stations, Radio Stations, Ethics, Oklahoma, Planning, Laws, regulations and rules, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Ethical aspects, Corruption, Company business planning, Stipe, Gene

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