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On December 3, 2003, the SEC proposed new rules to stop after-hours trading in mutual funds. [9] [10] On December 18, 2003, the SEC “announced an enforcement action against Alliance Capital Management L.P. (Alliance Capital) for defrauding mutual fund investors. The SEC ordered Alliance Capital to pay $250 million.
Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. Putnam is currently a subsidiary of Franklin Templeton Investments.
In insurance sales, front running is a practice in which agents "leak" information (usually false) to consumers about a competitor insurance company that leads the consumer to believe that the company's products or services are inferior, or worthless. The agent subsequently obtains a sale at the consumer's expense, earns a commission, and the ...
Putnam Investments managed assets worth more than $172 billion as of April 2018, of which $78 billion is allocated to more than 100 mutual funds, including equity and fixed income funds. The ...
Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank 1 (Strong Buy) 3 Top-Ranked Putnam Mutual Funds to Invest In
He then joined Putnam Investments as co-lead of the investment division. In the wake of the Mutual fund scandal of 2003, he was appointed President and CEO of Putnam and has since led the company forward in reorganization, compliance, and enhanced disclosure. Having stabilized the business, Haldeman led an initiative to sell the company.
Here are four common myths about mutual funds that you should know. 1. Mutual Funds Are Diversified. While they are certainly more diversified than individual stocks, dumping all your assets into ...
Mutual funds and life insurance. Equity Funding Corporation of America was a Los Angeles -based U.S. financial conglomerate that marketed a package of mutual funds and life insurance to private individuals in the 1960s and 70s. It collapsed in scandal in 1973 after former employee Ronald Secrist and securities analyst Ray Dirks blew the whistle ...