September 21, 2004

Mutual Fund Update

Two articles on the mutual fund trading practices cases, which have been consolidated in the D. of Md., suggest that they may not be a "bonanza" for investors.

The Wall Street Journal reports (subscrip. req'd) that "the hefty penalties already levied by regulators in settlements with 11 fund firms make it less likely there will be a big payoff for investors in the private litigation." Meanwhile, the Boston Globe finds that the existing "settlement talks remain at initial stages" and some of the "fund firms appear to be in no mood to settle with plaintiffs."

Posted by Lyle Roberts at September 21, 2004 7:29 PM | TrackBack
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