Columbia Management Advisors Inc. and Columbia Funds Distributor Inc.

The former president of the company, James Tambone and the former senior sales executive Robert Hussey have been ordered to pay $140 million to FleetBoston Financial Corp. for improper trading. Bank of America acquired FleetBoston last year. The Securities and Exchange Commission alleged Tambone and Hussey allowed specific investors to participate in illegal market timed trades. (Feb-09-05) [SEATTLE PI]

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