Word: sec
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Dates: during 1990-1999
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...ever wondered why a broker pitched one mutual fund over another, you're not alone. The SEC, according to the Wall Street Journal, is looking into instances of fund companies paying brokerages to push their products with extra zeal. The agency is also worried that funds might be overspending on trades to reward brokerages for fund sales. You could get hit with lower returns and higher fees, so ask funds about "exclusivity agreements...
...your fund manager invests his money? Under a proposed Securities and Exchange Commission regulation, it may get easier to find out in prospectuses what he's allowed to do. Even that may not be enough to satisfy critics (like the former Putnam fund counsel who complained to the SEC last week) who say lax codes let managers profit at your expense via personal trades. Vanguard and Fidelity restrict managers' trading of stocks just before or after their fund makes a trade; Janus prohibits all trading in individual stocks...
Hollywood was buzzing last week with reports of MGM/UA being in play and a handful of rival studios looking at its assets, which include the valuable James Bond franchise. The day before the beleaguered studio issued an SEC filing stating it was considering mergers or other "business combinations" to bail itself out of financial straits, news leaked that director MICHAEL APTED had been selected to helm the company's next Bond entry. The Lion studio had been trying frantically to find someone, seemingly anyone, to handle the film, with Small Soldiers director JOE DANTE and others chatted up before...
Hollywood was buzzing last week with reports of MGM/UA being in play and a handful of rival studios looking at its assets, which include the valuable James Bond franchise. The day before the beleaguered studio issued an SEC filing stating it was considering mergers or other ?business combinations?? to bail itself out of financial straits, news leaked that director Michael Apted had been selected to helm the company?s next Bond entry. The Lion studio had been trying frantically to find someone, seemingly anyone, to handle the film, with "Small Soldiers" director Joe Dante and others chatted up before...
Shahab-3's first flight test wasn't that impressive. The missile blew up after a flying time of 1 min. 40 sec. The CIA doesn't yet know if the explosion was an accident or if the Iranians intentionally detonated the missile after its liquid-fuel rocket finished burning. In either case, Shahab-3 is not much of a threat at present. It is based on a design supplied by North Korea, whose missiles are notoriously inaccurate, and Iran may need an additional two years before it can deploy a rocket reliable enough for military operations. In a region...