INVESTORS - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/INVESTORS News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Two Utahns accused in kickback scheme http://www.sltrib.com/sltrib/money/57827594-79/total-wealth-funds-clients.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57827594-79/total-wealth-funds-clients.html.csp">Two Utahns accused in kickback scheme</a></h4> <span class="author vcard"><span class="fn">By Tom Harvey</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-04-16T21:11:52.583-06:00">Updated Apr 16, 2014 09:11PM MDT</span></h5> <div class ="entry-content">Federal regulators are alleging two Utah men and their investment businesses failed to disclose to clients they were receiving kickbacks for steering investor monies into certain funds. The Securities and Exchange Commission also said Total Wealth Management CEO Jacob Keith Cooper of Washington and President Nathan McNamee of Hurricane violated federal laws though their use of unregistered investment funds, by not engaging independent auditors and failing to conduct due diligence before investi...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57827594@www.sltrib.com Wed, 16 Apr 2014 21:11:52 MDT Stocks drop; Biotech takes another plunge http://www.sltrib.com/sltrib/money/57801376-79/stocks-percent-biotech-drop.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57801376-79/stocks-percent-biotech-drop.html.csp">Stocks drop; Biotech takes another plunge</a></h4> <span class="author vcard"><span class="fn">By MATTHEW CRAFT </span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-04-10T14:20:39.8-06:00">Updated Apr 10, 2014 02:20PM MDT</span></h5> <div class ="entry-content">New York • The Nasdaq had its worst day since 2011 as investors dumped biotechnology shares and other industries that have soared over the past year. Biogen Idec, Gilead Sciences and other biotech companies plunged. After a huge run-up, those stocks have become volatile in recent weeks amid scrutiny over the cost of their drugs. Facebook and Twitter, other recent investor favorites, also dropped. The Nasdaq composite index lost 129 points, or 3.1 percent, to close 4,054, its biggest drop since N...</div> <h5><a rel="item-license" href="#license-578013762014-04-10T14:20:39.8-06:00" id="#license-2014-04-10T14:20:39.8-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57801376@www.sltrib.com Thu, 10 Apr 2014 14:20:39 MDT Citigroup to pay $1.13B to settle investor claims http://www.sltrib.com/sltrib/money/57787552-79/citigroup-claims-1.13-billion.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57787552-79/citigroup-claims-1.13-billion.csp">Citigroup to pay $1.13B to settle investor claims</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-04-07T16:59:02.442-06:00">Updated Apr 7, 2014 04:59PM MDT</span></h5> <div class ="entry-content">New York • Citigroup says it has agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mortgage-backed securities. The New York-based investment bank said Monday that the pact it reached with 18 institutional investors calls for Citigroup to make a binding offer to the trustees of 68 Citi-sponsored trusts that bundled some $59.4 billion in home loans into securities from 2005 to 2008. The settlement offer, which must be approved by th...</div> <h5><a rel="item-license" href="#license-577875522014-04-07T16:59:02.442-06:00" id="#license-2014-04-07T16:59:02.442-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57787552@www.sltrib.com Mon, 07 Apr 2014 16:59:02 MDT Jury rules Orem real estate investor not guilty of fraud http://www.sltrib.com/sltrib/money/57755095-79/koerber-vaughn-investors-estate.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57755095-79/koerber-vaughn-investors-estate.html.csp">Jury rules Orem real estate investor not guilty of fraud</a></h4> <span class="author vcard"><span class="fn">By Tom harvey</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-03-31T22:46:44.01-06:00">Updated Mar 31, 2014 10:46PM MDT</span></h5> <div class ="entry-content">A jury late Monday found an Orem man not guilty of fraud-related charges involving an associate of Rick Koerber, the real estate guru who took in $100 million in investments before his Provo-based empire crashed in 2007. The federal court jury heard final arguments at the end of a five-day trial during which Jason Vaughn, former chief instructor for Koerber’s real estate investment seminars, took the stand and said he relied completely on assurances from Koerber that the investments were safe ...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57755095@www.sltrib.com Mon, 31 Mar 2014 22:46:44 MDT U.S. stocks head for a meager first-quarter gain http://www.sltrib.com/sltrib/money/57752854-79/percent-rose-stocks-monday.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57752854-79/percent-rose-stocks-monday.html.csp">U.S. stocks head for a meager first-quarter gain</a></h4> <span class="author vcard"><span class="fn">By Ken Sweet</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press </span></span> <h5><span class="updated" title="2014-03-31T14:11:52.144-06:00">Updated Mar 31, 2014 02:11PM MDT</span></h5> <div class ="entry-content">New York • Stocks rose broadly in afternoon trading Monday as the market headed for its fifth straight quarterly gain. Microsoft led the technology sector higher. KEEPING SCORE: The Standard & Poor’s 500 index rose 15 points, or 0.8 percent, to 1,872 as of 3:25 p.m. Eastern. The Dow Jones industrial average rose 134 points, or 0.8 percent, to 16,457. The technology-heavy Nasdaq composite rose 46 points, or 1.1 percent, to 4,201. BROAD GAINS: Twenty-seven of the 30 stocks in the Dow average rose...</div> <h5><a rel="item-license" href="#license-577528542014-03-31T14:11:52.144-06:00" id="#license-2014-03-31T14:11:52.144-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57752854@www.sltrib.com Mon, 31 Mar 2014 14:11:52 MDT Report: Gulf region still a risk to investors http://www.sltrib.com/sltrib/money/57752882-79/gulf-report-arab-investors.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57752882-79/gulf-report-arab-investors.html.csp">Report: Gulf region still a risk to investors</a></h4> <span class="author vcard"><span class="fn">By AYA BATRAWY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-03-31T08:14:02.001-06:00">Updated Mar 31, 2014 08:14AM MDT</span></h5> <div class ="entry-content">Dubai, United Arab Emirates • Despite improvements in regulations and moves to diversify Arab economies away from natural resources, global investors remain wary of doing business in Gulf countries because of regional upheaval and other potentially destabilizing factors, according to a report by The Economist Intelligence Unit released Monday. The report found that investors are also “moving cautiously” in the region because of concerns over government transparency, foreign ownership restrictio...</div> <h5><a rel="item-license" href="#license-577528822014-03-31T08:14:02.001-06:00" id="#license-2014-03-31T08:14:02.001-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57752882@www.sltrib.com Mon, 31 Mar 2014 08:14:02 MDT Koerber associate on trial for alleged multimillion-dollar scheme http://www.sltrib.com/sltrib/money/57734470-79/koerber-vaughn-money-trial.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57734470-79/koerber-vaughn-money-trial.html.csp">Koerber associate on trial for alleged multimillion-dollar scheme</a></h4> <span class="author vcard"><span class="fn">By Tom Harvey</span></span> <span class="source-org vcard"><span class="org fn"> The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-03-27T10:09:16.163-06:00">Updated Mar 27, 2014 10:09AM MDT</span></h5> <div class ="entry-content">An investor on Wednesday described the roundabout way employees of accused Ponzi scheme operator Rick Koerber steered him to invest in a company that led him to lose hundreds of thousands of dollars. Investor Tom Tibbs was the opening witness in the trial of Jason K. Vaughn, of Orem, a partner and employee of Koerber’s who also ran a company that took in money from investors and poured it into Koerber’s real-estate investment operation. Koerber faces 18 federal fraud-related charges connected to...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57734470@www.sltrib.com Thu, 27 Mar 2014 10:09:16 MDT Recovering money lost to fraud can be costly, frustrating http://www.sltrib.com/sltrib/money/57627109-79/investors-million-money-receiver.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57627109-79/investors-million-money-receiver.html.csp">Recovering money lost to fraud can be costly, frustrating</a></h4> <span class="author vcard"><span class="fn">By Tom Harvey | The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-03-17T11:29:11.079-06:00">Updated Mar 17, 2014 11:29AM MDT</span></h5> <div class ="entry-content">Being a fraud victim can be financially and emotionally devastating — then you get sucked into the U.S. legal system. For some investors, the experience can be maddening as they watch lawyers and accountants eat up $380 an hour and more in fees and expenses paid from recovered investor money as cases drag on. But for some investors who are left with little money when the scam they invested in falls apart, the system of court-appointed receivers taking over fraudulent operations can work wonders...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57627109@www.sltrib.com Mon, 17 Mar 2014 11:29:11 MDT U.S. stocks edge lower in afternoon trading http://www.sltrib.com/sltrib/money/57665765-79/percent-fell-bank-data.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57665765-79/percent-fell-bank-data.html.csp">U.S. stocks edge lower in afternoon trading</a></h4> <span class="author vcard"><span class="fn">By ALEX VEIGA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-03-11T12:34:02.608-06:00">Updated Mar 11, 2014 12:34PM MDT</span></h5> <div class ="entry-content">A disappointing report on job openings helped nudge major stock indexes back into the red Tuesday afternoon after a brief upswing in the morning. A thin slate of economic data and corporate financial results mostly held investors in a wait-and-see mode. KEEPING SCORE: The Standard & Poor’s 500 index was down five points, or 0.3 percent, to 1,872 as of 2:10 p.m. Eastern time. The Dow Jones industrial average shed 36 points, or 0.2 percent, to 16,383. The Nasdaq composite dipped 11 points, or 0.3 ...</div> <h5><a rel="item-license" href="#license-576657652014-03-11T12:34:02.608-06:00" id="#license-2014-03-11T12:34:02.608-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57665765@www.sltrib.com Tue, 11 Mar 2014 12:34:02 MDT U.S. stocks edge lower in afternoon trading http://www.sltrib.com/sltrib/money/57664763-79/percent-fell-bank-data.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57664763-79/percent-fell-bank-data.html.csp">U.S. stocks edge lower in afternoon trading</a></h4> <span class="author vcard"><span class="fn">By Alex Veiga</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press </span></span> <h5><span class="updated" title="2014-03-11T12:27:48.241-06:00">Updated Mar 11, 2014 12:27PM MDT</span></h5> <div class ="entry-content">A disappointing report on job openings helped nudge major stock indexes back into the red Tuesday afternoon after a brief upswing in the morning. A thin slate of economic data and corporate financial results mostly held investors in a wait-and-see mode. KEEPING SCORE: The Standard & Poor’s 500 index was down five points, or 0.3 percent, to 1,872 as of 2:10 p.m. Eastern time. The Dow Jones industrial average shed 36 points, or 0.2 percent, to 16,383. The Nasdaq composite dipped 11 points, or 0.3 ...</div> <h5><a rel="item-license" href="#license-576647632014-03-11T12:27:48.241-06:00" id="#license-2014-03-11T12:27:48.241-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57664763@www.sltrib.com Tue, 11 Mar 2014 12:27:48 MDT Stocks move higher as U.S. job market improves http://www.sltrib.com/sltrib/money/57641673-79/percent-rose-government-higher.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57641673-79/percent-rose-government-higher.html.csp">Stocks move higher as U.S. job market improves</a></h4> <span class="author vcard"><span class="fn">By KEN SWEET</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-03-06T08:28:01.897-06:00">Updated Mar 6, 2014 08:28AM MDT</span></h5> <div class ="entry-content">New York • Stocks moved higher in early trading Thursday after the government reported that the number of people filing for unemployment benefits fell last week to the lowest level in three months. Kroger rose after reporting higher sales at its supermarkets. KEEPING SCORE: The Standard & Poor’s 500 index rose seven points, or 0.4 percent, to 1,881 in the first half-hour of trading. The Dow Jones industrial average rose 75 points, or 0.4 percent, to 16,425. The Nasdaq composite increased 12 poi...</div> <h5><a rel="item-license" href="#license-576416732014-03-06T08:28:01.897-06:00" id="#license-2014-03-06T08:28:01.897-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57641673@www.sltrib.com Thu, 06 Mar 2014 08:28:01 MDT Supreme Court weighs shareholder lawsuits http://www.sltrib.com/sltrib/world/57638475-68/class-investors-court-stock.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/world/57638475-68/class-investors-court-stock.html.csp">Supreme Court weighs shareholder lawsuits</a></h4> <span class="author vcard"><span class="fn">By SAM HANANEL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-03-05T18:58:47.87-06:00">Updated Mar 5, 2014 06:58PM MDT</span></h5> <div class ="entry-content">Washington • The Supreme Court on Wednesday seemed open to the possibility of making it harder for investors to join together to sue corporations for securities fraud — but maybe not as hard as companies that have to defend such lawsuits would like. Most justices appeared unwilling to completely overturn a quarter-century-old decision that has helped investors launch class-action cases based on the effect misleading statements have on a company’s stock price. But some conservative justices — in...</div> <h5><a rel="item-license" href="#license-576384752014-03-05T18:58:47.87-06:00" id="#license-2014-03-05T18:58:47.87-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57638475@www.sltrib.com Wed, 05 Mar 2014 18:58:47 MDT Stocks surge as tensions ease in Ukraine http://www.sltrib.com/sltrib/money/57630454-79/percent-rose-stocks-monday.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57630454-79/percent-rose-stocks-monday.html.csp">Stocks surge as tensions ease in Ukraine</a></h4> <span class="author vcard"><span class="fn">By Joshua Freed</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press </span></span> <h5><span class="updated" title="2014-03-04T14:18:04.757-06:00">Updated Mar 4, 2014 02:18PM MDT</span></h5> <div class ="entry-content">Relieved investors sent stocks sharply higher Tuesday after Russia pulled troops back from the border of Ukraine. The rally erased steep losses from Monday caused by fears of an escalating conflict. KEEPING SCORE: The S&P 500 index was up 28 points, or 1.5 percent, at 1,873 as of 3:55 p.m. Eastern time Tuesday. It was the biggest gain for the benchmark index since October. The Dow Jones industrial average rose 224 points, or 1.4 percent, to 16,392. The Nasdaq composite rose 74 points, or 1.7 per...</div> <h5><a rel="item-license" href="#license-576304542014-03-04T14:18:04.757-06:00" id="#license-2014-03-04T14:18:04.757-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57630454@www.sltrib.com Tue, 04 Mar 2014 14:18:04 MDT Stocks fall as Ukraine tensions rise; Gold gains http://www.sltrib.com/sltrib/money/57625060-79/percent-fell-company-gold.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57625060-79/percent-fell-company-gold.html.csp">Stocks fall as Ukraine tensions rise; Gold gains</a></h4> <span class="author vcard"><span class="fn">By STEVE ROTHWELL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-03-03T12:24:57.844-06:00">Updated Mar 3, 2014 12:24PM MDT</span></h5> <div class ="entry-content">New York • Global stocks fell sharply Monday on rising tension over Russia’s military advance into Ukraine and the threat of sanctions by Western governments. Treasurys and gold prices rose as investors bought safer assets. The price of crude oil rose over concerns that Russian oil exports could be disrupted. KEEPING SCORE: The Standard & Poor’s 500 index fell 16 points, or 0.9 percent, to 1,843 as of 1:47 p.m. Eastern time. The index is headed for its biggest drop in a month. The Dow Jones ind...</div> <h5><a rel="item-license" href="#license-576250602014-03-03T12:24:57.844-06:00" id="#license-2014-03-03T12:24:57.844-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57625060@www.sltrib.com Mon, 03 Mar 2014 12:24:57 MDT Stocks open lower ahead of confidence report http://www.sltrib.com/sltrib/money/57596133-79/confidence-fell-percent-report.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/57596133-79/confidence-fell-percent-report.html.csp">Stocks open lower ahead of confidence report</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-02-25T08:25:01.807-06:00">Updated Feb 25, 2014 08:25AM MDT</span></h5> <div class ="entry-content">New York • U.S. stocks are getting off to a weak start as investors hold back ahead of a report on consumer confidence. The Standard & Poor’s 500 fell three points, or 0.2 percent, to 1,844 in the first few minutes of trading Tuesday. Energy and bank stocks fell the most. The Dow Jones industrial average fell 35 points, or 0.2 percent, to 16,171. The Nasdaq composite was flat at 4,291. Investors will get a report on consumer confidence for February at 10 a.m. Eastern. Economists expect confiden...</div> <h5><a rel="item-license" href="#license-575961332014-02-25T08:25:01.807-06:00" id="#license-2014-02-25T08:25:01.807-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 57596133@www.sltrib.com Tue, 25 Feb 2014 08:25:01 MDT