About UPI  |  UPI en Español   |   My Account
Free News Update:
United Press International - News. Analysis. Insight.™ - 100 Years of Journalistic Excellence
  • Home
  • Top News
  • Entertainment
  • Odd News
  • Sports
    • Baseball
    • Football
    • Golf
    • Olympics 2008
    • Tennis
  • Business
  • Science
  • Health
  • Analysis
    • Energy Resources
    • Security Industry
    • Emerging Threats
  • Media
    • Video
    • News Photos
  • Features
    • The Voice of Young Voters
    • Path to the Presidency
    • Energy
    • Beijing Olympics 2008
Search:
Go
You are here:  Home / Business News / Many states ready to files funds charges

Business News

View archive | RSS Feed

Many states ready to files funds charges

Published: Dec. 28, 2003 at 4:11 PM
Order reprints  |  Print Story  |  Email to a Friend  |  Post a Comment
WASHINGTON, Dec. 28 (UPI) -- More than a dozen states are about to jump into the mutual funds cases so far getting headlines for New York and Massachusetts, Forbes.com reported Sunday.

The investigations of as many as 15 states have been extremely low profile because, unlike New York State and Massachusetts, many of them have laws against the discussion of pending charges.

Some of the same firms named as wrongdoers by New York Attorney General Eliot Spitzer are expected to be hit by similar charges from other states.

But some of the investigations have apparently involved other funds, perhaps spreading the mutual fund scandals into new areas.

New Jersey Attorney General Peter Harvey told Forbes some of the cases being pursued could require restitution to investors. Harvey said his office wants to see if market timing and late trading have enriched mutual fund companies, penalized investors and how the losses can be measured.

RATE THIS ARTICLE
    Poor    1    2    3    4    5  Excellent    
Feedback


© 2003 United Press International, Inc. All Rights Reserved.
Have an opinion? Leave a comment. No Registration Required.
News Photos Slideshows
Photos of the Day
Week in Photos
News
Entertainment
Sports
Features
Archives
Olympics 2008
Path to the Presidency
Additional News Stories
Top News
    McCain backer calls Obama 'Arab'
    McCain backer calls Obama 'Arab'
    WAUKESHA , Wis., Oct. 10 (UPI) --
    Supporters in Wisconsin urged John McCain to get tougher on Democratic rival Barack Obama, but McCain chided a woman for calling Obama an "Arab."
  • Report: Palin abused power as governor
  • Russia: Georgia cease-fire implemented
  • Ukrainian elections low on funds
  • Judge: Alaska must preserve Palin e-mails
Business News
  • GM, Chrysler reportedly talking merger
  • G7 fails to agree on bank nationalization
  • Crude oil prices in retreat Friday
  • UPI NewsTrack Business
  • U.S. markets closed mixed Friday
Entertainment News
    Co-star: Rourke cut own head for film
    Co-star: Rourke cut own head for film
    NEW YORK, Oct. 10 (UPI) --
    Mickey Rourke's co-star in "The Wrestler" said the Hollywood actor took his role so seriously, he actually slashed his own head for the sake of authenticity.
  • Aykroyd pitches in on vodka campaign
  • Leachman to be Roses grand marshal
  • Holocaust musical headed to West End
  • D'Amboise to rejoin 'Chicago' cast
Health News
  • Cervical cancer shot gains acceptance
  • Lack of vitamin D can affect 36 organs
  • Abnormalities in brain of cocaine addicts
  • Negative ads can cause a physical reaction
  • Plastic surgery makes advances in wartime
UPI Features - The Voice of Young Voters
Most Popular
Stories
Photos
Videos
People
1.
Apple may launch new laptop
2.
Crude oil prices drop under $85 per barrel
3.
Report: National City Bank for sale
4.
Crude oil prices in retreat Friday
5.
Crude oil prices fall nearly $5 per barrel
Related Business News
Related Business News
  • Money-market funds flock to guarantee program




Videos
Enlarge Video
Reaction: Does peace have a prize?
Reaction: Does peace have a prize?
Friday, October 10
From Wall Street to a Maryland Main Street
From Wall Street to a Maryland Main Street
Friday, October 10
Debate #2: The economy
Debate #2: The economy
Friday, October 10
Economics vs. foreign policy in the media
Economics vs. foreign policy in the media
Thursday, October 9
© 2008 United Press International, Inc. All Rights Reserved. Official Government Wires  |   About UPI  |   Site Map  |   Terms of Use  |   Privacy Policy  |   Advertise Online  |   Contact Us

Sponsored Links: College Football Tickets - Fundraisers - Press Release Services - prom dresses - Prom dresses and gowns - Public Records - Wedding and Honeymoon Experts - Auto Dealers - Motivational Sports Speakers Bureau