| Enhanced Investment Options Added to The AIM College Savings Plan(R)
HOUSTON-(Business Wire)-March 26, 2007 - AIM Investments announced today that it has made several important enhancements to The AIM College Savings Plan. The changes, which take effect today, include new allocation investment options and lower expenses. .
FBI Opens Investigation into Economist Accused of Fraud
(Charleston) -- The FBI says it has opened its own investigation in a Charleston Southern University professor facing fraud charges.
Special Agent Steve Grimaldi says the probe will parallel the civil investigation into Al Parish already filed by the Securities Exchange commission.
Court documents show Parish, an economics professor known for his flamboyant suits and million-dollar pen collection, claimed amnesia after federal investigators discovered about $134 million missing from several investment funds he managed.
The SEC says Parish provided false statements to his 300 investors indicating the five funds were trading profitably when they were not.
The pools allowed investors to put money in commodities and securities futures products, bonds, stocks and hard assets like expensive watches, jewelry and fine art.
AIM sets the record straight
AN Australian "misconception" that London's Alternative Investment Market is focused on resources is starting to change, according to financial advisers. Advisers Grant Thornton made the comment in a report that comes after AIM recently faced sniping from US rivals and regulators over disputed claims of poor regulatory standards. The number of Australian-listed companies on AIM has grown from 40 to 49 within a year. But AIM also lost Australians -- WA-based Palandri, involved in wine and managed investment schemes, in December cancelled its position there and is hoping to list here. It is understood that one of Palandri's main concerns was about the role of "market makers" -- dealers who boost stock liquidity by buying and selling -- in affecting its AIM share price.
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