SEC propose coupon based mutual fund purchases
The SEC votes to allow investors to clip coupons from newspaper ads and mail a check to buy mutual fund shares, removing the prior need to obtain a prospectus and an application first. The move aims to boost competition in the $1.6 trillion industry, lower fees, and improve disclosure alongside an electronic price quote plan for high yield bonds.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
SEC
Commission
National Association of Securities Dealers
Richard Breeden
Breeden
Richard Y. Roberts
Matthew A. Chambers
GAO Head Warns S and L Funds Must Grow to Avert Runs
Washington AP Charles A. Bowsher comptroller general told the House Banking subcommittee that Congress must provide more money for the savings and loan cleanup or depositors could flee. He cited Rhode Island’s 1991 insured fund insolvency and warned electronic runs on banks could occur without federal insurance confidence. The Resolution Trust Corp. has lacked spending authority since April as lawmakers balk in an election year.
MENTIONED IN THIS ARTICLE
Washington
Congress
General Accounting Office
Rhode Island
Charles A. Bowsher
GAO
Bowsher
S&l
Federal Deposit Insurance
Resolution Trust Corp
Farlier
Treasury
Lloyd Bentsen
House
Senate
Three-part seminar on financial planning set
A financial planning seminar led by Darren K Hayunga will be held at the Talem Building Hood College in Frederick. Sponsored by Mid-Atlantic Community Education the three part series runs at 630 pm on Thursdays March 25 April 1 and 8 and Tuesdays March 30 April 6 and 13 with a 59 per person and guest fee. Topics cover money management tax reduction savings and investments reducing insurance costs and retirement planning. Reservations 663-9224.
MENTIONED IN THIS ARTICLE
Darren K. Hayunga
Talem
Hood College
Frederick
Mid-Atlantic Community Education
Second St
Markets rally as German easing lifts U.S. indices
New York stocks closed sharply higher after Germany's central bank cut a key rate, helping lower U.S. rates. The Dow rose 38.90 to 3,465.64 with 1,251 advancers to 654 decliners on 242.03 million shares. S&P 500 index at 451.89, Nasdaq composite 687.41. In Tokyo, the Nikkei jumped 354.53 to 18,727.90 as the dollar dipped against the yen.
MENTIONED IN THIS ARTICLE
NEW York
U.S
New York Stock Exchange
Tokyo
Tokyo Stock Exchange
IBM
Dow Jones
Kmart
Life Tech
Loyola Corp
McIlcomm
Unchyd Avemco
MNC
Baltge
Mercantile Bell
Bakshr
Unchyd
Moore Corp Nations Bank
Citizens Bank
Ms Penney
CSX Corp
Pepsico
Comsat
Potem el
Exxon
Sears
Fcnb Cor
P&m Bancorp
Ms +i
Giant Foods
GTE Corp
Ferris
Baker Watts Inc
Also Mentioned on This Page
Darren K, Hayunga
Santa Techi
Tauraso
Orante
Everedy Square
Fredk
James McMahon
The
Mal Cancer Institute
Fetterick Sonil
SME Forum
Maryland
Rockville Senior Center
Carnation Drive
Rockville
Jeffrey Freedman
AniCom
Bank of Baltimore
Lael Ce
Nationwide
H. Russell Thompson
W. Patrick St
Nationwide Financial Services
Natomite
Yorn Son Saintes de
Rapsterns Lace
Berne Sans Hatomnde
Mie
Erates Sryany
Margo Patrick
Tommi Brodhead
Frederick Professional Women’s Network
ProNet
Ways and
Frederick Ellis Lodge
Willowdale Drive
Standard&Poor's 500 Index
Standard&Poor’s Industrials
Patricia A. Strange
Community Living Inc
United Way
Susan Holton
William O. Lee Jr
Ms. Strange
Steven Cohen
Ome
Shorey Hatin
June Hawker
Date Keefer
Gail Coleman
FCNE
FCNB
Consumer Loan Department
Frederick County
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