MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 24, 2004 SEC Charges After Fleet As expected, the SEC charged charged a FleetBoston Financial Corp.'s Columbia Unit with civil securities fraud involving improper mutual fund trading, Reuters reports. Among the charges, The SEC said that the Columbia Management Advisors and Columbia Funds Distributor Inc. allowed certain investors to market time in and out of its funds. The charges were brought in U.S. District Court in Boston. The SEC said New York State Attorney General Eliot Spitzer was set to bring a similar action. Stay tuned. Printed from: MFWire.com/story.asp?s=6721 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |