Funds Were Mutual, Sharing of Data Wasn't

Article Abstract:

One disturbing revelation about the market timing scandal in the mutual fund industry is the extent to which companies gave favored clients special information about fund portfolios to benefit their investments over those of the general public. These favored investors were able to trade in and out of their holdings to buy and sell at the best prices and to make profitable gains despite downturns for other fund shareholders.

Cases, Securities fraud

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S.E.C. HAS FOUND PAYOFFS IN SALES OF MUTUAL FUNDS

Article Abstract:

The results of a nine-month investigation into the 15 largest brokerage firms show that mutual fund companies paid off brokers who recommended their funds to investors. These actions would have been legal if brokers obeyed the law and informed their investors about their financial gain from promoting certain funds. This revelation sheds new light on illegal conflicts of interest and possible financial harm to stockholders.

Securities Dealers, Investment Banking and Securities Dealing, Financial management, Security brokers and dealers, Securities Brokerage, Stock Brokerage, Finance, Stockbrokers, Company financing

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Study Ties Bankruptcy to Medical Bills

Article Abstract:

Harvard University researchers have found that hundreds of thousands of Americans file for personal bankruptcy each year in spite of having health insurance, because employee health insurance does not cover everything and can be discontinued because of illness, and is also tied to employment.

Science & research, Accident & Health Insurance, Insurance Carriers, Public affairs, Direct Health and Medical Insurance Carriers, Hospital and medical service plans, Medical Care Insurance, Ethics, Health aspects, Research, Economic aspects, Reports, Ethical aspects, Health insurance, Harvard University, Bankruptcy, Company bankruptcy

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