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NEW YORK -- The Securities and Exchange Commission yesterday voted to adopt disclosure requirements for mutual funds regarding discounts paid when investors buy large blocks of shares as well as [...]

Is aretirement package valued near Dollars 200m reasonable for the head of a not-for-profit organisation? Eliot Spitzer, New York attorney general, is expected to file a lawsuit early this week [...]

NEW YORK and WASHINGTON -- Richard Strong, one of the leading lights of the US mutual fund industry, yesterday agreed to pay Dollars 60m from his own pocket and never [...]

NEW YORK -- US corporate leaders are braced for an ugly public quarrel over executive pay when lawsuits are filed against Richard Grassoand former directors of the New York Stock [...]

NEW YORK -- Three Wall Street banks have agreed to pay more than Dollars 15m for improperly allocating shares in hot initial public offerings in late 1999 and early 2000. [...]

WASHINGTON and NEW YORK -- US regulators are moving to rein in Wall Street's sale of complex financial products that have at times been used to help companies massage earnings [...]

NEW YORK -- Citigroup yesterday said the US Securities and Exchange Commission was reviewing how the company accounted for its Argentine operations during 2001 and 2002. The world's largest financial [...]

NEW YORK -- Eliot Spitzer, New York attorney-general, has started requesting depositions from former members of the New York Stock Exchange's compensation committee to determine why Richard Grasso, former chairman, [...]

NEW YORK -- Investment banks are overhauling the way they handle fixed-income research in an attempt to head off regulatory pressure for reform. Several leading banks have made changes to [...]

NEW YORK -- Eliot Spitzer, New York attorney-general, escalated his efforts to clean up the US mutual fund industry by indicting a former Bank of America broker on 40 counts [...]

NEW YORK -- Bank of America and FleetBoston Financial yesterday agreed to pay a combined Dollars 675m (Pounds 375m), including penalties and agreed reductions in fees, to settle allegations of [...]

NEW YORK -- Bank of America and FleetBoston Financial were last night poised to reveal preliminary settlements with regulators related to mutual fund trading abuses that include reducing fees and [...]

Phil Angelides, California state treasurer, this week released a list of 41 investment banks and broker-dealers that comply with a mandatory code of financial conduct he imposed last year to [...]

NEW YORK -- Morgan Stanley is revamping its fixed income research department to remove potential conflicts of interest and increase the objectivity of its publications. The measures, to be taken [...]

NEW YORK -- Morgan Stanley is revamping its fixed income research department to remove potential conflicts of interest and increase the objectivity of its publications. The bank's measures, to be [...]

NEW YORK -- Bank of America will shortly become the biggest financial institution to be penalised for its role in the widening US mutual fund scandal when it settles allegations [...]

Bank of America launcheda Dollars 100m 'Higher Standards' advertising campaign last year that is starting to ring hollow. Evidence is mounting that the bank lowered its standards to win business [...]

NEW YORK -- Lehman Brothers paid its five most highly compensated executives Dollars 64m last year, regulatory filings revealed yesterday. Richard Fuld, chief executive, received a 58 per cent rise [...]

NEW YORK -- Goldman Sachs paid its five most highly compensated executive officers Dollars 87m last year, regulatory filings show. Hank Paulson, chief executive, made Dollars 21.4m, almost double what [...]

NEW YORK -- Wall Street's top executives received handsome pay rises for cutting costs and boosting profits last year, with some packages for chief executives nearly doubling, regulatory filings will [...]

Massachusetts Financial Services, which manages the oldest mutual fund in the US, has agreed to settle allegations of improper trading by paying about Dollars 200m to regulators and agreeing to [...]

NEW YORK -- Bank of America yesterday disclosed another run-in with regulators when it said its investment banking division may face civil action from the US Securities and Exchange Commission [...]

The US Securities and Exchange Commission's decision to level fraud charges at Parmalat puts it among the first of the world's regulators and investors expected to pursue the bankrupt dairy [...]

NEW YORK -- Eliot Spitzer has called on the US government to withdraw proposed regulations he says would shield national banks from state laws enacted to protect consumers from predatory [...]

NEW YORK -- Eliot Spitzer, New York attorney-general, yesterday called for the US government to withdraw proposed regulations he said would shield national banks from state laws enacted to protect [...]

NEW YORK -- Ten Wall Street investment banks this year agreed to pay Dollars 1.4bn to settle allegations that conflicts of interest had tainted their research. But documents released yesterday [...]

NEW YORK -- Conflicts of interest in Wall Street stock research extended beyond the 10 investment banks involved in this year's Dollars 1.4bn settlement with regulators, according to fresh evidence [...]

NEW YORK -- The conflicts of interest in Wall Street stock research extended beyond the 10 investment banks involved in this year's Dollars 1.4bn settlement, according to evidence released by [...]

NEW YORK -- Invesco, a US arm of Europe's biggest fund manager, and its chief executive have been hit with civil fraud charges by both the Securities and Exchange Commission [...]

NEW YORK -- The US Securities and Exchange Commission could lose Dollars 30m from its proposed budget for the 2004 fiscal year because it was unable to hire new staff [...]

NEW YORK and LONDON -- Investors put another Dollars 3.5bn into equity mutual funds last week in spite of the continuing disclosures about trading abuses and improper sales practices. Yesterday [...]

NEW YORK -- A senior Goldman Sachs executive yesterday joined calls for reform of share trading on the New York Stock Exchange. John Thain, president of the investment bank, suggested [...]

NEW YORK -- The Dollars 50m settlement Morgan Stanley reached with regulators on Monday indicates what may be in store for brokers in the scandals plaguing the Dollars 7,000bn mutual [...]

NEW YORK -- The Dollars 50m settlement Morgan Stanley reached with regulators on Monday is a harbinger of charges to come for brokers who played a role in the scandals [...]

NEW YORK -- The Securities and Exchange Commission could file charges against Morgan Stanley related to mutual fund sales practices as soon as today, people familiar with the matter said. [...]

NEW YORK -- Charles Schwab Corp has uncovered evidence of improper trading in its mutual fund shares, it said in a regulatory filing. The revelation embroils the biggest US discount [...]

NEW YORK -- Eliot Spitzer, New York attorney-general, yesterday lashed out at the Securities and Exchange Commission for its failure to act more quickly on mutual fund trading abuses, adding [...]

State and federalregulators have said in the past that they will work together to reform the mutual fund industry, but settlements arising from investigations show otherwise. Yesterday's settlement between the [...]

NEW YORK -- A settlement yesterday by the Securities and Exchange Commission with Putnam, the fifth-biggest US mutual fund manager, over improper share trading has prompted a fight between state [...]

NEW YORK -- A brawl between US state and federal regulators has broken out over what punishment the mutual fund industry should face over its biggest scandal in 60 years, [...]

NEW YORK -- John Youngdahl, a former economist at Goldman Sachs, yesterday pleaded guilty to insider trading in US Treasury bonds, the US attorney's office said. He also pleaded guilty [...]

When bringing charges against those involved in mutual fund trading abuses, regulators have a favoured weapon: documents created by the accused. Take Eliot Spitzer, New York state attorney-general. In September [...]

NEW YORK -- Amvescap, Europe's largest publicly traded fund manager, could be charged with trading abuses by US regulators within the next two weeks. Eliot Spitzer, New York attorney-general, is [...]

NEW YORK -- Three companies face investigations into suspected accounting abuses after a financial regulator started to target the UK's top 350 companies. The inquiries are likely to follow the [...]

NEW YORK -- Peter Kellogg, one of the richest people in the US, allegedly directed fraudulent trades between four accounts he controlled for himself and family members to accrue tax-exempt [...]

NEW YORK and WASHINGTON -- The Dollars 7,000bn (Pounds 4,130bn) US mutual fund industry would face huge fines to settle charges of trading abuses and other mis-conduct, US regulators warned [...]

NEW YORK -- Eliot Spitzer, the New York attorney-general, will meet senior Securities and Exchange Commission officials tomorrow in an attempt to co-ordinate their efforts to widen the investigation into [...]

NEW YORK -- Eliot Spitzer, the New York attorney-general, will meet senior Securities and Exchange Commission officials tomorrow in an attempt to co-ordinate their efforts to widen the investigation into [...]

The US's mutual fund scandal is acquiring nightmarish proportions. Almost every day, it seems, fresh revelations inflict further damage to the reputation of an industry long trusted as a reliable [...]

NEW YORK -- A former employee of FleetBoston Financial's Buenos Aires office, his wife and his brother were accused of insider trading yesterday by the US Securities and Exchange Commission. [...]