House Passes Mutual-Fund Corruption Bill.
Autor: | Schroeder, Michael, Hechinger, John, Golden, Daniel |
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Předmět: |
REGULATORY reform, MUTUAL funds, SECURITIES industry, SECURITIES fraud, COMMERCIAL crimes, SECURITIES industry laws, OXLEY, Michael G. (Michael Garver), 1944-2016, REGULATED industries, DELEGATED legislation, UNITED States. Congress. House. Committee on Financial Services, UNITED States. Congress. Senate. Committee on Banking & Currency, SELF-regulation in the securities industry, INVESTMENT advisors, SECURITIES trading, FRAUD
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Zdroj: | Wall Street Journal - Eastern Edition. 11/20/2003, Vol. 242 Issue 101, pC1-C13. 2p. 1 Black and White Photograph. |
Abstrakt: | Reports that the U.S. House of Representatives approved a bill to curb mutual-fund trading abuses and increase regulatory oversight in the securities industry. Results of the House vote, indicating that it passed so overwhelmingly that the U.S. Senate will be under pressure to consider similar changes to address the mutual-fund scandal; When the Senate Banking Committee will hold hearings on the mutual-fund scandal; Comments from Michael Oxley, chairman of the House Financial Services Committee, regarding the pervasive nature of the fraud within the industry; Details of the bill, designed to discourage the rapid of trading in mutual funds. |
Databáze: | Regional Business News |
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