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Special Report on

Fund Market Timing Arrangements

fund market timing arrangements special research report Photo by
The JCM Fair Fund distribution has been completed in accordance with the Modified Plan of Distribution. No checks or wires will be issued and any checks presented for payment will be returned by the bank. This website will remain active to help answer any additional questions on the settlement. Thank you. Frequently Asked Questions (FAQs) click on the questions below to view the answer 1)   How much will Janus pay affected shareholders? 2)   Why is Janus making these payments to affected shareholders? 3)   What is �frequent ...
Stingy News Article Link: "Stewardship common sense"
"In the course of our research we've uncovered a fund company - one that received a good culture grade and had no regulatory deductions - that purchased shares in a related company in one of its funds. Since the firm has followed all of the rules, technically, it's not considered a regulatory issue. Accordingly, the trade was not reviewed by the IRC. But when we discovered all of the facts, we have zero doubt that a conflict of interest existed, whether or not the law defines it as such." "This month Sequoia Fund marks its 40th anniversary. It's a milestone rarely achieved in an industry where ... market research, surveys and trends
Group behind recent Haslam attack has powerful Tennessee ...
When a shadowy group from Iowa called the “American Future Fund” began running an ad attacking Knoxville Mayor Bill Haslam and his family’s company, Pilot Oil, less than 24 hours after the final gubernatorial candidates debate last week, the timing and message were curious. The content of the ad was “fair game,” as is said in politics. Portions of the group’s charges about claims of Pilot’s 2008 price-gouging in the wake of Hurricane Ike were exaggerated somewhat, but they were nothing that would have warranted investigation if the ad had run in the general election of a governor’s ... market research, surveys and trends


Broker Fraud Lawyers :: Janus Settles Fund Trading Complaints for ...
April 27 (Bloomberg) -- Janus Capital Group Inc. agreed to cut fees by $125 million and pay $100 million to settle allegations by New York and Colorado regulators that it allowed favored clients to engage in improper mutual fund trading that hurt other investors. The Denver-based firm also reached a preliminary accord with the Securities and Exchange Commission that is subject to approval by the federal agency's commissioners, Janus said in a statement. Janus, the ninth-largest U.S. mutual fund manager, was among the first four firms that New York Attorney General Eliot Spitzer named in September when he disclosed his probe ... industry trends, business articles and survey research
NYSE, New York Stock Exchange > About Us > News & Events > News ...
July 24, 2007 -- NYSE Regulation, Inc. announced today it has censured and fined the Smith Barney Division of Citigroup Global Markets Inc. (“CGMI”) of New York, New York, a member firm, for failing to supervise trading of mutual fund shares and variable annuity mutual fund sub-accounts, failing to prevent violative market timing by its brokers, and failing to maintain adequate books and records.  Of the $50 million total payment, $35 million in disgorgement and one-half of the $10 million penalty to be paid to NYSE Regulation will be placed in a distribution fund to compensate injured customers of the firm who ... industry trends, business articles and survey research
Omnicell Announces Second Quarter 2010 Results
a leading global provider of system solutions to acute healthcare facilities, today announced results for its second quarter ended June 30, 2010. GAAP results: Revenue for the second quarter of 2010 was $54.7 million, up $0.5 million or 1% from the first quarter of 2010, and up $2.1 million or 4% from the second quarter of 2009. Second quarter 2010 net income as reported in accordance with U.S. generally accepted accounting principles (GAAP) was $2.0 million, or $0.06 per diluted share. This compares to net income of $1.0 million, or $0.03 per diluted share in the first quarter of 2010, and net income of $0.9 million, or $0.03 ... market trends, news research and surveys resources
Surviving when the money dries up
A form of financial lockjaw has settled in, as big assets like farms, primary processors, financiers and hotels hunt for new owners. The lack of cash and inability to access capital has caused a type of corporate paralysis, leaving foreign investors like the Chinese the big, if somewhat unpopular, winners in New Zealand lately. Bright Dairy & Food Co's move this week on a majority stake in Canterbury milk processor Synlait Milk, subject to regulatory and shareholder approval, sparked widespread disquiet and criticism, particularly from Fonterra and others like Federated Farmers dairy chairman Lachlan McKenzie, who said it ... market trends, news research and surveys resources


Diana_McCarthy - Mutual Fund Mkt Timing
Regulators Probe Mutual Fund Market Timing, Late Trading and Valuation Issues ..... participating in late trading and/or market timing arrangements. ... technology research, surveys study and trend statistics
Administrative Proceeding: Edgar M. Larsen
In addition, Larsen failed to disclose the market timing arrangements and the conflict of interest posed by the arrangements to the AIM Funds' shareholders ... technology research, surveys study and trend statistics
The Mysterious Ways of Mutual Funds: Market Timing - THE ...
mutual fund structure make market timing an indelible feature of this ...... agreed to similar arrangements, sometimes against the strong protests ...
Google Answers: How widespread was mutual fund market timing prior ...
I am researching historical practices of mutual fund market timing for the period prior to September 2003. This is an investment approach that involves rapidly switching funds between an equity mutual fund and a money market mutual fund. Since September of 2003 there has been an industry wide crack down on the practice of mutual fund market timing and a number of mutual funds have paid large settlements to the SEC to settle charges that they allowed market timing that was not in the best interest of mutual fund shareholders. The particular angle that I am researching is the extent to which mutual fund market timing was an ...
Are discretionary fund managers (DFMs) the answer to a financial ...
Active fund management in general is a zero sum game so it follows that both multi manager and discretionary fund management is unlikely to add anything for the end clients. The only use I can see for it (and one which I have benn considering) is to ease the administration of simple passive asset allocation portfolios. An adviser with discretionary powers would be able to switch between two index trackers with the same mandate where one offers a significant reductioon in fees without the need to get individual client approval. Equally, if a portfolio is agreed as requiring (say) 50% cash and 50% UK Equity discretionary powers ...