Market Timing Double Blow For Alliance Capital
Alliance Capital Settle Charges By The SEC. Alliance Capital, one of the biggest fund managers in the United States, will pay US$250-million in fines and lower its fees by 20% to settle charges by the U.S. Securities and Exchange Commission and Eliot Spitzer, New York attorney-general, that the group defrauded its mutual … [Read more...] about Market Timing Double Blow For Alliance Capital
Spitzer Releases Details of Alliance Capital Settlement
Alliance Capital Settlement Details. State Attorney General Eliot Spitzer released details of a $600 million settlement with Alliance Capital Management to resolve an investigation into the mutual fund's trading practices. Alliance will reduce its mutual fund fees by 20 percent and freeze the fees for five years. This … [Read more...] about Spitzer Releases Details of Alliance Capital Settlement
Alliance Capital Ousts 2 Execs Amid Market-Timing Scandal
Alliance Capital Market-Timing Scandal. Alliance Capital Management Holding L.P. ousted two top executives who had oversight of its mutual-fund unit and warned there is "high likelihood" that the company will face sanctions and penalties related to market-timing trades. ‘Alliance Capital’, one of the nation's leading … [Read more...] about Alliance Capital Ousts 2 Execs Amid Market-Timing Scandal
