Word: prospectus
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Dates: during 1990-1999
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...sued the La Jolla, California, office of Merrill Lynch for putting them into a Mexican fund. Their suit charged that they lost nearly half the $73,000 they invested after Merrill Lynch failed to warn them of the risks. (The firm says the fund's prospectus clearly stated the risks...
...show how a prospectus can be improved, Levitt took a typically dense paragraph, shown here, and asked Warren Buffett -- America's most successful stock picker -- to translate it into simple English. Suddenly, the fog lifted...
...right was Dave Hanselman '94-95, the polished Dan Quayle wannabe from Indiana, who offered a bound, 13-page candidate prospectus and a "no scandal guarantee...
Small wonder that some investors have become confused about the true nature of what they hold. Unable to parse the prose of the typical prospectus, fund clients must often rely on the advice of sales personnel who may know little about derivatives . "My broker didn't have the full story," asserts Andrea Lingenfelter, a Seattle Ph.D. candidate in Chinese history whose $200,000 divorce settlement has dwindled to $140,000 after a little more than a year in the Piper Jaffray fund. Her goal had been to park the money for several years until she got her degree from...
...part, Piper says it regrets the hits that clients have taken in the now notorious Institutional Government Income Portfolio, whose value has fallen nearly 25% this year. Nonetheless, the firm insists that fund manager Worth Bruntjen invested the money precisely along the lines set forth in the prospectus, even though nearly half the fund's assets were in the form of volatile derivatives. In a gesture of good will, Piper put $10 million of its own money into the Institutional Government fund and continues to call it a sound investment...