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 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...]