Show The Herald Journal Logan Utah Monday November 3 2003 — A5 Nation ©ffioiaDs cscsss fiw WASHINGTON (AP)— Federal regulators und New York's top law enforcer pressing investigations of a mutual fund scandal also are draw- ing up an overhaul of the $7 trillion industry that traditionally has enjoyed a pristine image New York Attorney General Eliot Spitzer is lashing out at the Securities and Exchange Commission for what he calls its failure to detect abuses and act quickly “Heads should roll" at the agency he says Companies must be forced to pay j '! back to investors the hefty fees received for managing mutual funds during the time they allowed fund trading abuses to occur Spitzer said Sunday “If they're expecting to get settlements (with regulators) they're going ’ - : - to have to give much more back than just (investors') losses They're going to be paying stiff fines and giving hack their management fees They violated their trust with the American investor" the attorney general told The Associated Press in an interview Management fees by mutual fund companies totaled more than $50 billion last year he noted Eclipsed for months by Spitzer in the pursuit of conflicts of interest and abuses by Wall Street investment firms the SEC jumped into the mutii-- : al fund investigation in early Septem mraaoftaoaD fuanodl ber Dozens of firms have been subpoenaed including Fidelity Investments Janus Capital Group Morgan Stanley and Vanguard Group It was Spitzer who first raised the charge that preferential trading deals for customers at mutual fund companies could be siphoning billions of dollars from ordinary' investors ' ' Congress is looking into the Scan- dal and the regulators' response with Spitzer and the SEC's enforcement director' Stephen Cutler called to testify before a Senatecommittee on ? Monday In the latest and sharpest enforce-'rneaction theSECand Massachu-- - setts regulators brought civil fraud charges last week against Putnam st Investments the nation's mutual fund company Two senior investment managers at Putnam were charged with using improper trades to profit personally from mutual funds they oversaw Boston-base- d Putnam denied any but confirmed that four wrongdoing money managers had been fired Several investment companies including Janus and Bank of America have pledged to make restitution to mutual fund investors who lost i money through alleged improper' ' ' from-signin- More broadly the scandal has Green River' killer may be most prolific SEATTLE tAP) — This week a slight man with thick1 ' glasses a man who has been married three times and is the father of one child is to stand before ajudge who will ask him at least 48 times how he pleads to separate charges of murder Each time Gary Leon Ridg- -' way will respond “guilty" sources involved with the case have told The Associated Press When' it’s over Wednesday he will have more ' ' - trading- nt - tarred the reputation of muiuiil funds traditionally viewed as a saiLv Conservative investment Some 90 million people have money in US stock mutual funds half of all American households invest in (hem “This is the biggesi stink that’s ever happened to the mutual fund industry" said Roy Smith professor of finance at the Stern School at New York University In the process a political dispute has broken pill between Spitzer and the SEC They already had sparred last summer over legislation to'pre- elude states settlements with Wall Street firms that mandate fifth-large- big-mon- pmto® business changes ' Woman faces state charges in crash near Bush speech : ' murders on his record than any other serial killer in the nation's histo- - ' ' ' ately returned Alicia Graves 19 w ho said she had known Mixon for about 10 years' said her friend had gone through a lot the last few months-- Ridgway confounded detectives for two decades will come to ' Ridgway 54 a longtime painter at KenworthTruck Co is expected to admit ' being the Green River Killer named for the river soiith of" Man claims he was Seattle where the first victims trying to were found The plea would spare him V domestic insecurity ' the death penalty in King ' : FRANCISCO SAN (AP)— County instead assuring him fot v: life in prison without parole' V Marshal said the sources said However alegedty loaning bolts on a expose: - Vy- : - It had nothing to do with poll-'- ’ tics! Graves said' “She’s not even registered Graves and federal officials said Mixon was trying to locate her m()ther-in-lawho w as attending the rally “The kids’ grandma was there jnside and she said she wanted to get her kids some-- :' where safe’’ Graves said “I ' think she wanted tq get her to get the kids s) she coujd " w to-ti- goandtry tohurt herself" t Gravessaid Mixon's children were now staying Withrela- - : : uciistmiasihat Uted him - Aksociated Press on Sunday ' - problems" Gravessaid Arrest made in power line tampering ing‘aw ‘'VmTv mysh” sid ' “With marriage her dad just dying and her brother sick and all that I think she had a her- -: vous breakdown" Gravessaid : Sunday Mixon a nurse's aide and the neither of three s)ns also had a hysterectomy and “was having a lot of storiiach ' 1 Seven meretnons in seven days -- ’ JACKSON Miss (AP) — Federal officials said Sunday that a woman w ho rammed her car into an arena where Presi- -' dent Bush had just given a speech had no intention of harming the president and no federal charges are pending against her but she w ill face V state charges A friend said the woman Betina Mixon may have want- ed to hurt herself- ' Mixon29 of Horn Lake had ’ three children in her car when - she crashed into si wall of the DeSoto County Civic Center on ' AP photo ' ' v '' Saturday Sir Raiuilph Fiennes right and Mike Stroud ’of Britain Bush had jUst spkiken at a react after finishing the New York City Marathon on for Haley Bar- campaign rally York iri New The pair successfully completed 'Sunday hour the nominee Republican seven marathons on seven continents in seven daysSee for governor and was in his B2 for marathon coverage ' limousine preparing to leave a senior administration official ' ' ' saidThe president jeft the arena less than five minutes' later from a(i exit about 40 aw?ned from the crash : yards ’ v- jetting a stiff looking spokesman Tom Marshall After interviewing Mixon Pbulin they were aH this investigatoni deemrintd she Mans had ‘direction of interest said he was looking for due- -' arrange his surrender for twp ' jjjg president whatsoev- (031 w weeks but authorities gave him lions to the FBI office in Sacra- A SxKlSer- - ' fives ' Witnesses said thevsaw a ! Camrydrivc thiSugha parking lot on the same side of the DeSoto Civic V? Center as the president's exit1’ K has capital punishmert and if is still unclear whether Ridg- way will plead to those V The remains of scores of womeii mainly runaways' and prostitutes turned up near ravine's rivers airports arid ' freeways in the 1980$ Of theril investigators officially listed 49 women as probable '' victims of the Green River - talked into aL’alitomia V J 9 assembled - ’ ? me wMimiKing" rnuui - DENTURES THERAPEUTIC “From the Lab to You No Dentist Vibtts Reouhwo:” 91 Msw Dsfituras- ' of DoNorv AaIIaIA MNnpirap Ki Mfugii moiii Minot raptifB MfhNt you uML ' Lifetime Warranty I l 1 : DuSolodiuiiV'5heiifrs''‘:’::'' Department a call to the depart- immedi- - : 'ment Sunday was not r buses had just left and ranimed the building neiir a loading dock - Pioiice'nisilied'tite'wkwged out the driver handcuffed her and whisked her away ”V v V MASSAGE 5: - 'BwiHundndi 031 could include aggravated assault Mixon was iBt0 CUsfody of the Vv’-- : ' Rman said Uk woman faces light the nation s lack 6f secu- n- said Becaqsethe threat ofa C terrorism charge hangs over me I could end up in Guantanamo infrastructure by loosening and whCTet bolts at eigld tmwrs x Bay’-facilitreaving United States is holding terror m steles Pbulin that he had been trying to sur- -' intended to turn himself in to render Hewasarrested in South Sacramento after a CHP Ji the FBI Sunday afternoon i Hesaid he’d grown tired of employee recognbjed bini from 8Bd W0d Fnrnitvra Fully - Michael DcvlynPouhnsaid hs action w intend to high- - See JCILLERon Aid No partical board rauun Higli- - way Patrol office loplung for ' hour massage per customer expires Dec 103 HARRIS DENTURE DESIGN Ilarrli-UccssWilliam Dcnlurlar 1 1 I (JOS) (435) 7S2-3H- I ©(FSREDQGSiSsQl StevenlHicken AOE80 ” w Logan City is a corporation Iam a corporate businessman Logan City could benefit from my experience No amount of community service or volunteer work can duplicate or replace actual business experience For 30 years I have arranged budgets met payrolls collected taxes and managed to survive in one of the toughest environments there is retail Without discipline you will go broke! Our Municipal council needs real life business people who with their own money have learned how to administer funds ip such a way as to make a profit live within their means and put away some funds for a rainy day With a budget this coming year of over 80 million dollars wouldn't yoiu rosily rather have a Council member with a business background? I am a problem solver A vote for me is a vote for common sense leadership Cast your vote for StevenC Hicken on Tuesday November 4th PAST EXPERIENCE oatd Member of the Logan Downtown ' BIRTH PLACELoaon EKXMDItc ' SHiaaiagcsiaaiBB Osmerof Katar8fiop Inoainoo1974 sEDuqmiti lcnoMimd U8U WNbUnita: fotowing residents of providence support Dean Hurd for Election to the Cky Council and encourage every citizen to vote on November 4th The pS9Bn Mayor Alma Leonhardt ' Ex Mayor Carl & " Nadeane Spear Blaine & Kay Sorenson tarry & Sharon Booths Brenf & Coroen Spefh Al & Carole Applegarth Hyrum & EHen Olsen HOW DPICHQCS Association MaAaJ Dan invnopniviis Nm of the Logon QoN and Country Club 5wlA(akSBXnnaiswoidyito rTfil ffinli H OHyylMit raaa93MtI 93a®iSSaG8in Qtgmrr ao® 40 ' nilEZ A&MinStMW ' Mitarby tana Hogan id ClairL Wyat a'—ac1 3C id id yd Id I- llZi&0gc3G3G3S' fe ' Norman & Behro Christensen R -- I— — AI JOVwl Cl MSKIJf Ui wWOtmy Id Tom & Helen Winings Mondell Ward ' Id Jay 4 Nadine Ranzenberger Doug & Candis McMurdie Thomas & Mary Cherringlon Kurt & Kelly Facer : Foul & Mary Holden Don & Dianne Smelie - Glade & Carol Davjs Garden & Irene Aljred Brent & Lawna Madsen Lex & Peggy Baer Steve & Lynda Burruss : Don Ohen Gene & Sandra Mortonsen Steve & Susan Roberts Fany & Connie Winder tarry & Ruth Alan : ragGS9‘'ZBa3aaBBE & Steve & Terri Misener Guy & tari Burdetf Logan Parking Authority Boom Member SOGB1 ' Ted & AHyson Miller HaSaM IW1MV RaAaIaAAU nijifviiHaJi Frank & AnoFuhrimbn- - id Ad id Id : ' Dave & Kathy ZiRes Steve & Vicki Aden Rod & Patrice Pock Gary 7d : & Lesa Stevenson Roy & Kathleen Sneddon Ten & Jen Whitesides : yd Bab & Jan Wimmer Bil & Penny Bagley Gar & Karen Knighton 3L 4V— 3ET yd Id yd yd yd yd yd yd : |