Firm Is Ordered To Close
A Mutual Fund Firm Is Being Investigated. Federal regulators yesterday carried out their first act of capital punishment as part of the widening mutual fund investigation, ordering the Security Trust Co. out of business. The tough action came as New York Attorney General Eliot Spitzer filed felony charges against three former … [Read more...] about Firm Is Ordered To Close
N.Y. Charges Three in Mutual Fund Probe
Execs Charged In Mutual Fund Probe. Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen in an illegal trading scheme that cost investors $1 million, and authorities ordered the company to shut down. Those charged with felonies by New York Attorney General Eliot Spitzer include the chief … [Read more...] about N.Y. Charges Three in Mutual Fund Probe
