CIBC Facing Suit Over Fund Trading
CIBC Facing Suits From The SEC. Canadian Imperial Bank of Commerce is facing lawsuits from the U.S. Securities and Exchange Commission and pit bull New York State Attorney-General Eliot Spitzer over improper mutual fund trading, according to media reports. Anonymous sources quoted by the New York Times and the Canadian Press say … [Read more...]
Janus Details Fund Trading Abuses
Janus Trading Scandal. Janus Capital Group, one of several prominent fund companies at the center of a growing mutual fund industry trading scandal, said Tuesday that special relationships with market-timing investors netted the Denver fund giant about $1 million in management fees. Janus added an ongoing internal investigation … [Read more...]