DealBook » Liberty Mutual Seeks Scrutiny of Rival Deal | Liberty Mutual has asked regulators to examine Nationwide Mutual Insurance's $1.6 billion deal for a smaller rival, the Harleysville Group, after its own offer was spurned, Bloomberg News reports, citing a person with knowledge of the matter.
Recent S.E.C. regulatory proposals include restricting short-selling in down markets, strengthening oversight of mutual funds, tightening scrutiny of investment advisers and making it easier for shareholders to seat directors on company boards.
[C6.] Fines by Brokerage Regulator Rose 21% This Year The regulatory group for the brokerage industry says fines collected from its disciplinary actions this year increased 21percentt over 2004 as it brought more cases and stepped up scrutiny of mutual fund sales.
Bank of America took steps yesterday in yet another attempt to put regulators' scrutiny of its mutual fund business behind it.
From 1998 to 2002, he said, such scrutiny helped his mutual fund dodge problems he saw in the financial statements of Lucent Technologies, Sunbeam and General Electric.
When Putnam Investments, a mutual-fund company, came under scrutiny by Eliot Spitzer, New York state's attorney-general, its clients began to pull their money out of its funds literally overnight.
But an industry built on mutual convenience has come under increased scrutiny over the past decade as its stores have continued to become full financial centers, improving services like electronic bill payment, wire transfers and prepaid debit cards.
Correction: September 6, 2003, Saturday A capsule summary in The Metro Section yesterday referring to an article in Business Day about scrutiny of a bank's mutual fund business by the New York State attorney general misidentified the bank.
Hedge funds tend to be much more volatile than garden-variety mutual funds, and they are less open to public scrutiny.
That's a lesson Karma Rescue could have taught Torres, if its volunteers had talked with her, visited her home and considered returning her dog — under the strict scrutiny that makes adoption contracts a form of mutual bondage.
