SEC Probes Brokerages on Mutual Funds
Firms Failed To Disclose Mutual Funds. The Securities and Exchange Commission is investigating numerous cases in which brokerage firms may have failed to fully disclose that they steered clients toward certain mutual funds in exchange for payments from those fund companies. The SEC also is moving to ensure that fund investors get … [Read more...] about SEC Probes Brokerages on Mutual Funds
SEC Probes Accounting At Interpublic
Interpublic Accounting Problems. Interpublic Group said on Tuesday the Securities & Exchange Commission had launched an investigation into the accounting problems that have plagued the world's second-largest advertising group since August. Interpublic admitted last week it had overstated results by $180m wider than the $68m … [Read more...] about SEC Probes Accounting At Interpublic
SEC Probes Mirant’s Books
Mirant's Books Investigation. The Securities and Exchange Commission has begun an informal inquiry into possible accounting mistakes at energy trader and marketer Mirant Corp., the latest blow to the troubled energy sector. The inquiry was prompted by the Atlanta-based company's disclosure last week that it might have misstated … [Read more...] about SEC Probes Mirant’s Books
