Plaintiffs' lawyers have filed more than a dozen lawsuits against the big banks, claiming damages on behalf of institutions, pensions and municipalities like the City of Baltimore.
Some foreclosure experts contend that such sales are stymied because of conflicts inherent among mortgage servicers who decide them on behalf of institutions like Fannie Mae.
Mr. Beeson was introduced to Canary by the Security Trust Company, which acts as an intermediary in trades of more than 5,000 mutual funds on behalf of institutions.
As he was colorblind, he developed a special interest in drawings, cartoons (New Yorker) and caricatures (Al Hirschfeld) and most recently illuminated medieval manuscripts, all of which he collected on behalf of institutions.
Regulators are also weighing action against the Security Trust Company of Phoenix, which acts as an intermediary in the trading of mutual funds on behalf of institutions, according to a person briefed on the inquiry.
Morgan Creek, which is based in Chapel Hill, N.C., and manages $6.5 billion on behalf of institutions and university endowments, is the latest investment firm to cast a wider net designed to draw smaller investors into the world of so-called alternative investing.
When using an institutional vehicle and institutional fuel, the health professional may collect the reimbursement on behalf of the institution, but may not reimburse the institution.
