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SEC to charge execs at failed money market fund (AP)

Started by riky, December 24, 2008, 06:02:38 PM

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riky

SEC to charge execs at failed money market fund
    (AP)

 


AP - Reserve Management Co., which is facing a slew of investor lawsuits after its money market fund fell below a key safety benchmark, said late Tuesday the Securities and Exchange Commission plans to charge the company and its management with violations of securities laws.


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