Federated Investors

New York Attorney General Eliot Spitzer and the Securities and Exchange Commission filed charges against the mutual fund company. Federated Investors allegedly allowed mutual fund trades by a few investors that harmed many others. The company allegedly violated late trading and market timing regulations. Federated Investors agreed to pay $100 million to settle charges. The money will be spent on paying investors harmed by the trades. (Nov-29-05) [POST GAZETTE]

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