Will pay US$300 million and restate some results
New rule governs short-term redemption fees
SEC says clerk tipped day traders to incoming large orders
Early redemption fees limited to 2% of shares redeemed
Efforts will lead to greater compliance, report says
Roy led investment management division
Bank of American to pay US$375 million; Columbia to pay US$140 million
Goldman, Sachs & Co. and Morgan Stanley & Co. Inc will each pay US$40 million to settle SEC allegations that they improperly induced customers to bid up stock in exchange for IPO allocations.In federal district court, the Securities and Exchange Commission filed separate settled civil injunctive actions against Morgan Stanley and Goldman Sachs relating to […]
Sun Life unit to pay investors US$50 million
Comment period extended to March 8