Putnam Allegations Of Improper Trading. Putnam Investments will pay $110 million to settle federal and state allegations of improper trading in the case that launched the scandal over so-called market timing in the mutual fund industry. Under the settlements announced Thursday, half the money $5 million in ill-gotten gains and $50 … [Read more...] about Putnam to Pay $110M to Settle Allegations

Putnam Investment Scandal. A nationwide investment scandal prompted Riverside County officials to pull $10 million in retirement money out of mutual-fund giant Putnam Investments, county officials announced Thursday. The county will choose a new family of funds for roughly 700 county employees who have investments with the … [Read more...] about County Pulls Out of Putnam

Putnam Investments Market Timing. When he started working at Putnam Investments' Quincy, Mass., call center in March 2000, Peter Scannell had only a layman's knowledge of how a mutual fund company works. But he knew from his days working at a casino in Lake Tahoe how to tell the good guys from the bad. And it wasn't long before … [Read more...] about The Guy Who Blew The Whistle On Putnam