Alleges mispricing, insider trading in Heartland Advisors funds
Defendants deceived fund companies, shareholders
New rules aimed at eliminating potential for late trading
Former execs also charged in fund late trading and market timing schemes
New rules enhance transparency
Inadequate disclosure in mutual fund sales
Governance, ethics reforms must be upgraded
Youngdahl agrees to fraud injunction treasury bond insider trading case
More companies are likely to be charged in the burgeoning scandal surrounding the U.S. mutual fund industry, the head of the Securities and Exchange Commission’s enforcement division told Congress Tuesday. Stephen Cutler, testifying about the investigations into the US$7 trillion mutual fund business, said the SEC plans to send notification to some firms this week […]
Prominent analysts slapped with permanent ban