Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-29-2010, 12:04 AM   #21
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,829
Quote:
Originally Posted by target2019 View Post
Wellington isn't the target of the investigation as best I can tell. Should the thread title be changed?
How's that? I have to admit that I would hate to be them, if they knowingly benefited from insider trading. Here's a relevant link:

Feds Now Targeting Big Fund Companies
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-29-2010, 09:07 AM   #22
Full time employment: Posting here.
Lusitan's Avatar
 
Join Date: Jan 2006
Location: Boston
Posts: 620
Quote:
Originally Posted by W2R View Post
Apparently the feds are investigating Wellington Management, which manages the Vanguard Wellington and Wellesley funds among others.
Surprising news, for sure. I hope it does not negatively affect shareholders in any serious way. But I will withhold judgment until Uncle Mick weighs-in on this one, for obvious reasons.
__________________

__________________
Lusitan is offline   Reply With Quote
Old 11-29-2010, 10:14 AM   #23
Full time employment: Posting here.
 
Join Date: Nov 2010
Posts: 583
I had always thought it was suspicious that any stock buy that I made was always at the highest for the day and any sell was at the lowest until I learned about the "daily special" terms that big traders could garner.
Insider trading has always been a "tax" on the system, now there is software that can pinpoint illegal activity. Just ask Martha Stewart.
__________________
devans0 is offline   Reply With Quote
Old 11-29-2010, 10:17 AM   #24
Recycles dryer sheets
TeeRuh's Avatar
 
Join Date: Oct 2007
Posts: 248
Having just finished The Big Short its not like I have a lot of trust/faith in any financial institutions.

Or as they said in "Airplane"; I picked a bad time to give up smoking/drinking!

t.r.
__________________
Life is a Holiday!
TeeRuh is online now   Reply With Quote
Old 11-30-2010, 04:35 PM   #25
Recycles dryer sheets
mark500's Avatar
 
Join Date: Feb 2006
Posts: 146
I think the chances of any mutual fund investor losing money from a Vanguard fund managed by Wellington are so remote that its silly to worry about it, even if Wellington management did something illegal.
This thread borders on financial porn.
Also, this is not the first time:

S.E.C. Mutual Fund Inquiry Widens to Include Wellington - New York Times

That was 2004.

Now if I had money invested somehow with Wellington Management Company, LLP, that would be a different matter.
__________________

__________________
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.

Winston Churchill
mark500 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Screwed by the Feds.. Westernskies Other topics 26 03-11-2009 03:03 PM
Feds lower interest rate Keyboard Ninja Young Dreamers 2 10-31-2008 04:13 PM
Congressional Investigation? Fireup2020 Other topics 9 10-27-2008 02:26 PM
Annuities Investigation on Dateline this Sunday WanderALot FIRE and Money 46 04-14-2008 08:07 PM
Insider Trading? grumpy FIRE and Money 6 03-09-2006 03:59 PM

 

 
All times are GMT -6. The time now is 10:42 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.