House Passes Mutual-Fund Corruption Bill.

Autor: Schroeder, Michael, Hechinger, John, Golden, Daniel
Předmět:
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