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Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud on Tuesday in the rapidly expanding mutual fund trading scandal.In separate filings, New York State Attorney General Eliot Spitzer and the Securities and Exchange Commission accused Raymond Cunningham and his Denver-based company of defrauding sharehol
stanley termos ders by allowing certain big clients to engage in market timing mdash; frequent, short-term trading that skimmed profits from long-term shareholders.According to the complaints, Cunningham and other ex
stanley cup ecutives set up a system to attract big-money market timers in 2001. The system flourished, despite complaints from portfolio managers and other employees that shareholders were being harmed.Authorities estimated that market timing of Invesco funds totaled approximately $900 million in assets at the company in 2003. IFG and its CEO willingly sacrificed the interests of mutual fund shareholders when market timers dangled the prospect of higher management fees in front of them, said Stephen M. Cutler, director of the SEC s enforcement division. By granting special trading privileges to selected customers, they readil
stanley cup y violated the fiduciary duty they owed to all shareholders and rendered meaningless the funds prospectus disclosures on market timing. Invesco Funds denied any wrongdoing Tuesday and said it would vigorously contest any charges against the company or its employees.Regulators are seeking the return of profits made from the m Ijpj The Most Outrageous Fashions of Star Trek: TNG Seasons 4 Through 7
Gabriel Garcia Marquez, who died today aged 87, did no
stanley water bottle t invent the genre of magical realism 鈥?but he helped to popularize it and advance it with novels like One Hundred Years of Solitude and Autumn of the Patriarch. Speculative fiction still hasn ;t risen fully to the challenge of Marquez work. Marquez first rose to fame with the 1967 novel Solitude, which follows several generations of the Buendia family as they found the town of Macondo, through birth, death, incest and heartbreak. It established him as a master of magical realism, which he often described as a matter of telling fanciful and outlandish
stanley termoska details with a straight face. Later works, like Autumn and Chronicle of a Death Foretold, dealt with Latin American dictators and other political themes, and Marquez became an outspoken critic of authoritarian regimes. When I first read Solitude, in particular, I was blown away by how vivid the imagery and the characters were, and how great an amount of time Marquez manages to cover in a single book. The Hundred Years in the title is like a kind of boast, letting you know that this is not your typical novel that covers a week or a year. Marquez ability to capture the strange and monstrous in real life, and to couple that with a sharp political eye, remains unparalleled. As his biographer Gerald Martin told NPR in 2009, I read the book six months after it came out. And you had t
termo stanley o be there at the time. You had to be in the 1960s. Yo
