Momentum grows for action on mutual fund abuses
Regulators face mounting pressure from investors after about 10 billion dollars fled Putnam and other funds amid civil fraud charges over preferential trading. Congress and the SEC are urged to enact tighter rules to curb fund trading and overhaul governance of the seven trillion dollar mutual fund industry.
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Washington
Congress
Securities and Exchange Commission
SEC
Wall Street
New York
Eliot Spitzer
Richard Strong
Strong Mutual Fund
Putnam Investments
International Fund
Putnam
Putnam Funds
Ton
Barbara Roper
Investor Protection
The
Consumer Federation of America
Miami braces for protesters at trade meeting
Protesters are expected in Miami as 34 nations gather Sunday through Friday for the Free Trade Area of the Americas talks. The plan would create a 800 million people market with over 14 trillion dollars in output, amid U S Brazil disputes over subsidies tariffs and other issues. Local fears focus on impacts to Florida citrus sugar steel and jobs ahead of a January 2005 FTAA deadline.
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Miami
Brazil
U.S
FTAA
Cuba
United States
Bush
European Union
White House
Hemisphere
Mexico
Florida
Midwest
Atlanta
Panama City
Panama
Port-of-Spain
Trinidad and Tobago
Puebla
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SinCom