Securities


Amid ongoing turbulence in the equity and debt markets, Paul F. Roye, director of the SEC’s investment management division, warns investment companies—also known as mutual funds—against laying off essential compliance personnel to cut costs. U.S. mutual funds’ combined assets climbed 3.1% to $6.6 trillion at the beginning of October, says the Investment Company Institute, a trade group. But while the gain surprisingly took place in the aftermath of the September 11 terrorist attacks, it did little to reverse the extended downward trend during which total fund assets dropped by 5% from December 2000. ( www.sec.gov/news/speech/spch528.htm ; www.ici.org/facts_figures/trends_1001.html )

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CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.