- Making News: Mutual Funds Rewarding Brokers for Preferential Treatment
Just as Enron executive Andrew Fastow completes his plea bargain, another white collar scandal could affect millions of investors. The Securities and Exchange Commission reports that brokerage firms get a kind of payola for recommending mutual funds. Ruth Simon, personal finance reporter for the Wall Street Journal, says this sort of revenue-sharing violates SEC requirements of disclosure and transparency. - Reporter's Notebook: The Bush Dynasty
Former Nixon staffer Kevin Phillips is a prolific author and commentator. His book, The Emerging Republican Majority, heralded the beginning of major political change. In his latest book, American Dynasty: Aristocracy, Fortune and the Politics of Deceit in the House of Bush, he-s turned his attention to the current Republican president, and he sees a family so powerful that it puts democracy itself at risk.
Securities and Exchange Commission (SEC) on mutual funds
Images of Abu Dis and the wall
American Dynasty: Aristocracy, Fortune and the Politics of Deceit in the House of Bush