Eliot Spitzer
Eliot Spitzer
Eliot Laurence Spitzeris an American politician who served as the 54th Governor of New York from 2007 until his resignation on March 17, 2008. Following his eight year term as Attorney General of New York, Spitzer was elected governor in 2006, succeeding three-term incumbent George Pataki. Soon after taking office, Spitzer was embroiled in a prostitution scandal that culminated in his resignation. Following his resignation, he hosted a short-lived program, Viewpoint with Eliot Spitzer on Current TV...
NationalityAmerican
ProfessionPolitician
Date of Birth10 June 1959
CityNew York City, NY
CountryUnited States of America
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Federated worked with regulators to address problems with improper trading, ... With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed.
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Frankly, it was never practicable for the AG's office to receive a vast sum of money and then try to disperse that money to individual investors, ... Those individual investors will have to go through some sort of fact-finding process to demonstrate who relied on who and is owed how much.
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Millennium developed multiple schemes that cost mutual fund investors tens of millions of dollars.
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It's about making sure retail investors get a fair shake, ... The one thing they deserve is honest advice and fair dealing.
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With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed,
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My office, while committed to working with the Securities and Exchange Commission in our investigation of the mutual fund industry, will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist,
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Every time we turn over a rock in the mutual fund industry these days, we are seeing vermin crawl out that are appalling: Late trading; timing by those in the executive boardroom; billions of dollars being scraped off that should be going into the pockets of investors instead ending up in the hands of the executives,
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Investors know that what was going on on the Street with analysts was wrong, was corrupt and had to be changed, ... The smart business leaders are changing their ways. Those who are putting their heads in the sand are saying, 'Let's get rid of the cops who watch to make sure things get done honestly.'
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The CEO was personally bought off by being given IPO allocations, ... Small investors were left holding the bag.
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The evidence in this case speaks for itself, ... Top managers knew market timing was harming buy-and-hold investors but they condoned and facilitated it because it was a lucrative source of management fee revenues.
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We will use every tool available to pursue fraud against the New York Medicaid program wherever it occurs, ... The criminal and civil sanctions imposed on Heritage and Arnold demonstrate our continuing efforts to prosecute fully any crimes we uncover and return misappropriated funds to the State.
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When I read it my blood began to boil again. It drove home how crass that whole system was.
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It would be misguided and foolish to do so, ... It would undermine public confidence in the markets because states have historically played a critical role in restoring creditability to the marketplace.
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These bonuses, and the minimum 'save' rates accompanying them, had the effect of employees not honoring cancellations, or otherwise making cancellation unduly difficult for consumers, ... This agreement helps ensure that AOL will strive to keep its customers through quality service, not stealth retention programs.