Strong Capital Management (original) (raw)
Strong Capital Management, Inc, (Not to be confused with Strong Investment Management LLC in Anaheim, CA) was a financial services firm based in Menomonee Falls, Wisconsin. During its 30-year existence it acquired other companies and expanded into the Israeli market. However, it became defunct after the 2003 mutual fund scandal amid charges of improper mutual fund trading. The settlement cleared the way for the company to be sold. It was acquired by Wells Fargo later in 2004.
| Property | Value |
|---|---|
| dbo:abstract | Strong Capital Management, Inc, (Not to be confused with Strong Investment Management LLC in Anaheim, CA) was a financial services firm based in Menomonee Falls, Wisconsin. During its 30-year existence it acquired other companies and expanded into the Israeli market. However, it became defunct after the 2003 mutual fund scandal amid charges of improper mutual fund trading. In May 2004 the firm agreed to pay 80millioninrestitutiontoinvestors,andfounder/CEORichardStrongagreedtopersonallypayanadditional80 million in restitution to investors, and founder/CEO Richard Strong agreed to personally pay an additional 80millioninrestitutiontoinvestors,andfounder/CEORichardStrongagreedtopersonallypayanadditional60 million. Two other executives were also sanctioned and fined. The agreement was reached in a settlement involving the Securities and Exchange Commission, New York State Attorney General Eliot Spitzer, and Wisconsin Attorney General Peg Lautenschlager. Unlike most such settlements, the firm admitted wrongdoing and apologized to investors. Strong and the other two executives were barred from the securities industry for life, but no criminal charges were filed. The settlement cleared the way for the company to be sold. It was acquired by Wells Fargo later in 2004. (en) |
| dbo:fate | Acquired byWells Fargo (en) |
| dbo:foundingYear | 1974-01-01 (xsd:gYear) |
| dbo:industry | dbr:Investment_banking |
| dbo:location | dbr:Menomonee_Falls,_Wisconsin |
| dbo:product | dbr:Wealth_management dbr:Financial_services |
| dbo:wikiPageID | 35752129 (xsd:integer) |
| dbo:wikiPageLength | 2919 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1032958015 (xsd:integer) |
| dbo:wikiPageWikiLink | dbr:Peg_Lautenschlager dbr:Menomonee_Falls,_Wisconsin dbr:Eliot_Spitzer dbc:Defunct_companies_based_in_Wisconsin dbc:Defunct_financial_services_companies_of_the_United_States dbr:Wells_Fargo dbr:Wisconsin dbr:2003_mutual_fund_scandal dbr:Investment_banking dbr:Wealth_management dbr:Financial_services dbr:New_York_State dbr:Securities_and_Exchange_Commission |
| dbp:defunct | 2004 (xsd:integer) |
| dbp:fate | Acquired by Wells Fargo (en) |
| dbp:foundation | 1974 (xsd:integer) |
| dbp:industry | dbr:Investment_banking |
| dbp:keyPeople | Richard Strong (en) |
| dbp:location | dbr:Menomonee_Falls,_Wisconsin |
| dbp:name | Strong Capital Management (en) |
| dbp:products | dbr:Wealth_management dbr:Financial_services |
| dbp:wikiPageUsesTemplate | dbt:Infobox_company dbt:Reflist dbt:Short_description |
| dcterms:subject | dbc:Defunct_companies_based_in_Wisconsin dbc:Defunct_financial_services_companies_of_the_United_States |
| gold:hypernym | dbr:Firm |
| rdf:type | owl:Thing dbo:Company schema:BankOrCreditUnion schema:Organization dul:Agent dul:SocialPerson dbo:Agent wikidata:Q24229398 wikidata:Q43229 wikidata:Q4830453 yago:Abstraction100002137 yago:Company108058098 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity dbo:Bank dbo:Organisation yago:SocialGroup107950920 yago:WikicatDefunctCompaniesBasedInWisconsin yago:WikicatDefunctFinancialServicesCompaniesOfTheUnitedStates |
| rdfs:comment | Strong Capital Management, Inc, (Not to be confused with Strong Investment Management LLC in Anaheim, CA) was a financial services firm based in Menomonee Falls, Wisconsin. During its 30-year existence it acquired other companies and expanded into the Israeli market. However, it became defunct after the 2003 mutual fund scandal amid charges of improper mutual fund trading. The settlement cleared the way for the company to be sold. It was acquired by Wells Fargo later in 2004. (en) |
| rdfs:label | Strong Capital Management (en) |
| owl:sameAs | freebase:Strong Capital Management yago-res:Strong Capital Management wikidata:Strong Capital Management https://global.dbpedia.org/id/4vrRZ |
| prov:wasDerivedFrom | wikipedia-en:Strong_Capital_Management?oldid=1032958015&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Strong_Capital_Management |
| foaf:name | Strong Capital Management (en) |
| is dbo:wikiPageDisambiguates of | dbr:Strong |
| is dbo:wikiPageWikiLink of | dbr:Strong dbr:Aelin_Peterson dbr:2003_mutual_fund_scandal dbr:Jeffrey_Plale |
| is foaf:primaryTopic of | wikipedia-en:Strong_Capital_Management |