(AP) — Investment research firm Morningstar Inc. said Thursday its European subsidiary will buy the rest of its Danish unit from Phosphorus A/S.Morningstar Europe B/V will pay $15.2 million, plus a share of its first-half 2010 profit, for the 75 percent stake held by Phosphorus, a Danish company.Morningstar Danmark, based in Copenhagen, was established in 2001.
Posts Tagged ‘Mutual Funds’
Morningstar buys out Danish unit for $15.2M
June 17th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 2m, Acquisition, Bruun, Ceo, Chief Operating Officer, Copenhagen, Counseling Service, Danish Company, Dk, European Subsidiary, Exchange Traded Funds, Individual Investors, Investment Research, Morningstar, Mutual Funds, Percent Stake, Peter Meyer, Phosphorus, Seeds, Torben 
Comments OffSEC reviews investment companies’ use of derivatives
March 27th, 2010 Before You Invest Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency is reviewing the use of derivatives. “It’s appropriate to engage in a more thorough review of the use of derivatives by [exchange-traded funds] and mutual funds given the questions surrounding the risks associated with the derivative instruments underlying many funds,” Schapiro said.
Posted in Finance Fraud Tags: Derivative Instruments, Derivatives, Exchange Traded Funds, Investment Companies, Mary Schapiro, Mutual Funds, Sec, Securities And Exchange, Securities And Exchange Commission Comments OffBroker Review: optionsXpress
February 15th, 2010 Before You Invest Publicly traded optionsXpress (OXPS) is one of the more mature online brokerages.It consistently ranks highly in broker comparisons conducted by Barron’s and others. But, we are not too concerned with outside ratings. We are more concerned with how optionsXpress may or may not fit with your trading objectives and style.Let’s take a look at who may benefit the most from opening an optionsXpress account and who may find better luck elsewhere.Target AudienceThe target audience for optionsXpress seems to be active investors who are looking to diversify their portfolio across a broad range of investing products.For instance, if you are a trader who places a few options and futures trades per month while holding some longer-term investments in stocks, exchange-traded funds (ETFs) and mutual funds, you would be an ideal candidate to open and optionsXpress account, because you can manage everything within one account.Of course, optionsXpress or any other broker will say that they want to work with any investor, regardless of their holdings, but the product offering and commission and fee structure seem to benefit active to semi-active traders who want to invest in a broad range of products.Products Available at optionsXpressThe product lineup at optionsXpress is one of the broker’s strong points.
Posted in Finance Fraud Tags: Active Traders, Barron, Better Luck, Etfs, Exchange Traded Funds, Fee Structure, Hassle, High Commissions, Mutual Funds, Online Brokerages, Option Commissions, Options And Futures, Optionsxpress, Oxps, Product Flexibility, Product Offering, Strong Points, Target Audience, Term Investments, Trades Comments Off“Chinese Warren Buffet” arrested in Toronto
January 15th, 2010 Before You Invest A fund manager who called himself the “Chinese Warren Buffet” has been arrested in Toronto for running a Ponzi scheme which duped investors out of an estimated $30 million.Weizhen Tang was arrested at Toronto’s airport and stands accused of defrauding as many as 100 clients, with one losing as much as $2.4 million.The 51 year-ancient is thought to have operated the scheme between January 2006 and March 2009, which questioned for a minimum commitment of $150,000 from investors.He worked through online business Oversea Chinese Fund Limited Partnership and advertised opportunities in foreign exchanges, options and mutual funds across China and Hong Kong.The investment adviser stands accused of securities fraud, illegal distributions of securities and unregistered trading in securities by the Ontario Securities Commission.Mr Tang is due to appear in court on April 19th.He was supposed to return to Canada from China on December 29th but failed to show.An investigation into his activities was originally launched by the Toronto police during April 2009.
Posted in Finance Fraud Tags: 30 Million, Business Partnership, China, Chinese Fund, Distributions, Foreign Exchanges, Hong Kong, Investment Adviser, Investors, Limited Partnership, Minimum Commitment, Mr Tang, Mutual Funds, Ontario Securities Commission, Ponzi Scheme, Running, Securities Fraud, Toronto Airport, Toronto Police, Warren Buffet No Comments »Institutional investors might return to Citi after TARP payback
December 13th, 2009 Before You Invest Institutional investors own roughly 20% of Citigroup, making it “one of the least owned banks” by mutual funds, pension funds and other large investors. Once the government sells its stake in the bank, but, institutional investors might return. “A lot of clients I talk to are worried” of the government’s involvement through its holding in Citigroup, said Macquarie Capital analyst David Trone. Once the government exits Citi and the bank is allowed to repay funds it received through the Troubled Asset Relief Program, the bank’s shares could rise.more at http://online.wsj.com/article/SB10001424052748703514404574588121855577070.html
Posted in Finance Fraud Tags: Banks, Citi Bank, Citigroup, Institutional Investors, Lot, Mutual Funds, Payback, Pension Funds, Relief Program, Stake, Wsj No Comments »Support for transaction tax is low
November 19th, 2009 Before You Invest Lawmakers are considering a House proposal that would impose a tax on stock trades and over-the-counter derivatives transactions. Key lawmakers, but, are not lending their support to such a tax, and many market participants are opposed. “Imposing a tax on financial transactions is the incorrect thought at the incorrect time,” said Ken Bentsen, executive vice president of public policy and advocacy at SIFMA. “It would directly and detrimentally affect millions of Americans by imposing a tax on their savings such as mutual funds, just as they are seeing their investment assets regain value.”http://www.bloomberg.com/apps/news?pid=20601208&sid=a1mC.vDFKsw4
Posted in Finance Fraud Tags: Advocacy, Amp, Derivatives, Executive Vice, Financial Transactions, Investment Assets, Ken Bentsen, Lawmakers, Market Participants, Mutual Funds, Pid, Proposal, Public Policy, Sid, Sifma, Stock Trades, Transaction Tax, Vice President, Wrong Idea, Wrong Time No Comments »Supreme Court considers mutual fund advisers’ compensation
November 3rd, 2009 Before You Invest The Supreme Court heard arguments regarding compensation policies for mutual fund investment advisers. The court appeared reluctant to give judges a role in overseeing the policies, although some justices indicated that courts might have to intervene. The high court’s case focuses on mutual funds, but justices touched on compensation policies of other sectors.more at http://www.nytimes.com/2009/11/03/business/03bizcourt.html?_r=1&ref=global
Charles Schwab may face SEC Charges Stemming from the Handling of Two Funds
October 15th, 2009 Before You Invest The Securities and Exchange Commission (SEC) has issued a Wells notice to Charles Schwab Corporation of San Francisco, California. A Wells notice is sent by the SEC to say a company that civil actions may be brought against them. This notice concerns the handling of two mutual funds, Schwab YieldPlus Fund and the Schwab Total Bond Market Fund.Investors in the two funds charge that they were deceived by Charles Schwab.
Posted in Finance Fraud Tags: Arbitration Claims, Attempt, Bond Market, Charles Schwab, Charles Schwab Corporation, Civil Actions, Face, Fund Investors, Losses, Lost Funds, Market Collapse, Multitude, Mutual Funds, Opportunity, San Francisco California, Schwab Yieldplus, Sec Charges, Securities And Exchange, Securities And Exchange Commission, Subprime Market No Comments »Charles Schwab Found Liable In YieldPlus FINRA Arbitration
October 5th, 2009 Before You Invest A Los Angeles based Financial Industry Regulatory Authority (FINRA) arbitration panel awarded hurts to the Chang family who invested in the Charles Schwab YieldPlus fund. The panel awarded the Chang claimants 100 percent of their losses plus what they would have earned had their money been properly invested.
Posted in Finance Fraud Tags: April 1, Arbitration Panel, Arbitration Proceeding, Bakhtiari, Cash Alternatives, Charles Schwab, Claimants, Expert Witness, Financial Industry Regulatory Authority, Investor Shares, Mortgage Backed Securities, Mutual Funds, Nasdaq, Portfolio Manager, Remedy, Schw, Schwab Yieldplus Investor, Swysx, Target, Time Charles No Comments »Worst Performing Mutual Funds through 9/09
October 4th, 2009 Before You Invest click on the symbol to view the fund’s chart & profile on Yahoo Finance Symbol Name NAV Return (1 Month) NAV Return (YTD) NAV Return (1 Year) NAV Return (3 Year) NAV Return (5 Year) NAV Return (10 Year) UFPSX ProFunds UltraShort Latin America Svc -3.53% -73.70% -78.29% — – — UHPSX ProFunds UltraShort China Service +8.07% -66.09% -68.59% — – — UVPSX ProFunds UltraShort Emerg Mkt Svc +1.05% -64.75% -68.21% -53.25% — – USPSX ProFunds UltraShort NASDAQ-100 Svc -3.95% -55.36% -29.08% -22.08% -18.61% -22.47% RYVNX Rydex Dyn Inverse NASDAQ-100 2X Strat H -3.87% -54.64% -24.50% -19.92% -17.01% — UIPSX ProFunds UltraShort Mid-Cap Svc -9.47% -51.61% -30.31% -17.55% -20.04% — UCPSX ProFunds UltraShort Small-Cap Svc -7.36% -50.09% -35.43% -19.79% -22.65% — UXPSX ProFunds UltraShort Intl Svc -9.44% -47.47% -46.02% -19.08% — – RYIRX Rydex Inverse Russell 2000 2x Strategy H -6.72% -47.21% -30.32% -17.17% — – SRPSX ProFunds Small Real Estate Svc -12.99% -41.82% -41.24% -15.35% — – GRZZX Grizzly Small -5.33% -40.46% -17.90% +0.25% -4.24% — URPSX ProFunds UltraBear Svc -7.66% -39.86% -18.90% -6.92% -9.99% -6.28% RYTPX Rydex Inverse S&P 500 2x Strategy H -7.53% -38.07% -15.67% -4.92% -8.52% — UKPSX ProFunds UltraShort Japan Svc -3.38% -37.73% -33.91% -5.40% — – UWPSX ProFunds UltraShort Dow 30 Svc -8.41% -31.65% -18.22% -9.17% -10.27% — SOPSX ProFunds Small NASDAQ-100 Svc -1.92% -31.28% -8.23% -7.48% -6.58% — RYAAX Rydex Inverse NASDAQ-100 Strategy Adv -1.85% -30.95% -5.98% -6.26% -5.66% –for a complete list see Worst Mutual Funds of 2009
Posted in Finance Fraud Tags: America Svc, Amp, China Service, Complete List, Dow 30, Finance, Intl, Japan, Latin America, Mid Cap, Mkt, Mutual Funds, Nasdaq 100, Profunds, Real Estate, Russell 2000, Ryvnx, Small Cap, Symbol Name, Yahoo No Comments »
