Market-Timing Probe To Shift to Individuals
September 25, 2006
The New York Stock Exchange and other regulators are shifting the focus of their market-timing investigations from mutual fund companies and hedge funds to individual brokers and their supervisors, according to Susan Merrill chief of enforcement for the NYSE said.
The NYSE's market-timing cases against mutual funds "have largely been wrapped up, but many individuals could be in the cross hairs," Merrill said.
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