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Mutual fund trading abuses draw Senate and SEC scrutiny
Regulators intensify a widening mutual fund scandal. Lawmakers demand repayment of management fees plus investor restitution as the SEC probes top firms including Putnam, Janus, and Bank of America. Spitzer accuses funds of betraying American investors amid multiagency hearings.
MENTIONED IN THIS ARTICLE
Washington
Congress
New York
Eliot Spitzer
Associated Press
Spitzer
Mutual
Senate
Securities and Exchange Commission
Stephen Cutler
House
Cutler
Strong
SEC
Wisconsin Financial
Wall Street
Fidelity Investments
Janus Capital Group
Morgan Stanley
Vanguard Group
Tomers
Massachusetts
Putnam Investments
Putnam
Janus
Bank of America