On Tuesday, the Securities and Exchange Commission and Massachusetts state regulators accused Putnam Investments, one of those stodgy and seemingly respectable Boston-based mutual fund firms, and two of its former fund managers of securities fraud.
From that unassuming vantage point, Mr. Bharara watched his colleagues try to persuade a jury to convict the former hedge fund titan of securities fraud and conspiracy.
When building a portfolio, you can assemble it one stock at a time or buy exchange-traded funds, pools of securities that trade on stock exchanges.
In exchange-traded funds—baskets of securities that investors can buy and sell as a single stock the Amex is rapidly losing ground to electronic share-trading networks and to the New York Stock Exchange.
BLOOMBERG NEWS BNP Paribas Scoops Up Emerging Market Debt | BNP Paribasibas's Fischer Francis Trees & Watts unit has invested about 25 percent of its global fund in securities of developing economies, compared with 15 percent last year, its chief investment officer said, according to Bloomberg News.
Deal Professor » Rajaratnam Deserves Lengthy Sentence, Prosecutor Says | The Galleon Group founder Raj Rajaratnam made $70 million in illegal profits, a federal prosecutor told the judge overseeing sentencing for the former hedge fund manager convicted of securities fraud, the AP reports.
The office brought the first major criminal case stemming from the financial crisis against two former Bear Stearns hedge fund managers accused of securities fraud but lost the closely watched three-week trial.
The lawsuit is one of several filed recently accusing American Apparel and Standard General, a hedge fund, alleging violations of securities laws and fiduciary duty before and after Charney was ousted.
Initially, some types of less "hard" bonds such as letters of credit, trust funds, deposits of security, or a combination of financial assurances along with cash can be available for companies to use as financial collateral.
For decades, professional and individual investors alike have sought ways to diversify efficiently by investing in groups of stocks, through actively managed mutual funds, index funds, hedge funds or other packages of securities.
Mr. Jin says he offered bribes in hopes of escaping prosecution on charges of misuing the funds of his securities firm.
