Mutual funds are financial investments called "securities" which can be bought and sold, they are regulated by governments. Mutual funds are established by fund sponsors, who are usually the fund management company. They go through the legal work of having a fund approved and make the initial investments in the...
Recent violations uncovered in the mutual fund industry raised questions about the ethical practices of the industry and the quality of its oversight. A widespread abuse involved mutual fund companies' investment advisers entering into undisclosed arrangements with favored customers to permit market timing in contravention of stated trading limits. This...
Cam Hui submits: I received a number of responses from my post hedge fund shakeout continues that suggests that the current trend of size and consolidation seems to be the answer for the hedge fund industry. Indeed, the WSJ subscription required reported: By the end of last year,...
Dell said yesterday that an internal financial audit discovered evidence of misconduct, accounting errors, and deficiencies in its financial controls. In 2006, the SEC began investigating Dell's past accounting. Dell, still struggling after several disappointing quarters, said it has yet to determine whether to restate past earnings results....
