A lower rating can also deter trading partners from entering certain types of lucrative transactions with a bank.
A1 A Bill to Curb Fund Abuse The House of Representatives approved legislation to deter trading abuses and fund mismanagement by improving the disclosure of fee information and increasing the independence of fund boards.
Responding to the spate of mutual fund scandals, the House of Representatives overwhelmingly approved legislation on Wednesday aimed at deterring trading abuses and fund mismanagement, improving the disclosure of fee information and increasing the independence of fund boards.
In Nigeria, an estimated 5 to 10 illegal VCDs are sold for every legitimate one, and the police make no serious effort to deter the trade.
If anything, they say, it is the government's newly aggressive law enforcement tactics, like wiretapping the phones of stock traders, that will deter insider trading.
Although Alliance is trying to deter Internet trading, its own proprietary research conducted last May by Louis Harris & Associates, New York, showed that only 4percentt of the adult population trades online.
Putnam committed fraud by failing to detect and deter personal trading by its own fund managers that reaped profits for them but hurt the investors to whom they had fiduciary duties, regulators said.
The amounts were tiny because they were based on the estimated commissions from investors in those funds and not on the profit made, bringing criticism that the fines would do nothing to deter insider trading and could even be counterproductive, showing how small the potential punishment is.
In March 1991, Michael R. Milken, once the richest and most powerful financier of his generation, entered prison, signaling the end of an era of junk bond-financed hostile takeovers and high-visibility prosecutions that law enforcement officials hoped would deter insider trading for generations.
