2 Fund Managers to Pay $80 Million Settlements

Article Abstract:

Mutual fund managers, Harold J. Baxter and Gary L. Pilgrim, of Pilgrim Baxter & Associates, will each pay $80 million to shareholders to settle complaints of improper trading practices. The high fines, as well as a lifetime ban from the securities industry reflect the severity of their misconduct.

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Long Insulated, Fannie Mae Feels Political Heat

Article Abstract:

Members of Congress are planning to use the opportunity presented by the ongoing investigation of the Federal National Mortgage Association to reassess the rules governing it and the Federal Home Loan Mortgage Corporation.

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Mortgage crisis: should the federal government impose stricter rules on the mortgage industry?

Article Abstract:

A debate highlighting contrasting opinions on whether the federal government should pass stricter anti-predatory lending laws to curb the mortgage industry is presented.

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