$14M Settlement In Heartland Suit
- When it comes to Lipper Rankings, some managers say it's all in the category. Polyak, Ilana // Bond Buyer;03/31/98, Vol. 323 Issue 30362, p6
Discusses the effect of the mutual fund tracker Lipper Analytical Services Inc.'s grouping of Heartland Advisors Inc.'s high-yield, short duration fund with long term funds in the United States. Comparison between long and short term bonds; Consequences of Lipper's classification; Lipper's...
- SEC Heartland Filings Shed Light On High-Yield Bond Valuations. Fine, Jacob; Hume, Lynn // Bond Buyer;12/19/2003, Vol. 346 Issue 31785, p1
Reports on the collapse of two Heartland Advisors Inc. mutual funds. Assessment of high-yield municipal bond valuations; Problems of municipal bonds for mutual funds; Management of liquidity and price transparency.
- Heartland: Muni-bond investigation has no effect on equity management. Williamson, Christine // Pensions & Investments;11/13/2000, Vol. 28 Issue 23, p57
Reports the investigations on pricing problems of the municipal bond funds at Heartland Advisors Inc. in Milwaukee, Wisconsin. Concerns over the use of mutual funds by pension funds; Implication of withdrawal by investors for markdown of bond funds; Details on the corporate reorganization.
- SEC Likely to Issue Guidance on Fair Value Pricing This Summer. Hume, Lynn // Bond Buyer;4/14/2004, Vol. 348 Issue 31862, p5
Focuses on the possible issuance of guidance on fair value pricing for mutual funds by the U.S. Securities and Exchange Commission following the completion of the Office of Compliance Inspections and Examination's analysis of fund practices. Prevention of abusive market timing and selective...
- History lessons. Wang, Penelope // Money;Nov2003, Vol. 32 Issue 12, p68
Long before Eliot Spitzer began subpoenaing fund companies, one of the worst scandals involved Heartland Advisors. In 2000 two of its high-yield municipal bond funds plunged 40% and 70%, respectively, in a single day. Three years later, Heartland has not yet fully recovered, even though it has...
- With No Heartland-SEC Settlement in Sight, Federal Judge Sets Calendar. Hume, Lynn // Bond Buyer;5/28/2004, Vol. 348 Issue 31894, p5
Reports on the status of the lawsuit filed against investment advisory firm, Heartland Advisors, Inc., before the United States Securities and Exchange Commission. Charges filed against Heartland Advisors, Inc.; Allegations of fraud and collapse of municipal bond funds; Schedule for discovery...
- Heartland Seeks Dismissal. Hume, Lynn; Fine, Jacob // Bond Buyer;2/25/2004, Vol. 347 Issue 31828, p1
The investment adviser Heartland Advisors Inc., its founder William J. Nasgovitz and six other officers, portfolio managers, and related individuals are urging a federal court in Milwaukee, Wisconsin, to dismiss the securities fraud and other charges the Securities & Exchange Commission (SEC)...
- SEC: Heartland Undervalued Funds After Suspension Request Was Denied. Fine, Jacob // Bond Buyer;12/17/2003, Vol. 346 Issue 31783, p1
The Securities and Exchange Commission (SEC) denied a request made by Heartland Advisors Inc. for permission to suspend redemptions from its two high-yield municipal bond mutual funds on October 13, 2000, leading the firm to intentionally undervalue the bonds held by the funds later that day,...
- Beste Draws SEC Response. Hume, Lynn // Bond Buyer;1/6/2004, Vol. 347 Issue 31794, p1
Reports on the reaction of the Securities and Exchange Commission to comments made by Heartland Advisors Inc.'s chief operating officer Paul Beste in the U.S. Use of independent pricing services by mutual funds; Lawsuit filed by the commission against Beste and Heartland for fraud and mispricing.