October 26, 2006
Here we go again
Is another mutual fund scandal brewing?
More than two dozen mutual fund companies are under investigation for allegedly accepting hundreds of millions of dollars in kickbacks from outside contractors, according to a published report Thursday.
The Securities and Exchange Commission probe was sparked by a $21.4 million settlement it reached in September with Bisys Fund Services Inc., The Wall Street Journal reported.
Posted by Joe
No responses to "Here we go again"
Comments are closed.