"This substantial distribution reflects the SEC's ongoing efforts to compensate mutual funds and their shareholders for the harm caused by illegal market timing," said David P.
#Dmg 26 march 2010 series#
The distribution marks the first in a series of disbursements that will total approximately $270 million - the disgorgement amount that Prudential Equity Group was ordered by the Commission to pay in a settlement of the enforcement action. On March 26, the Securities and Exchange Commission announced a distribution of nearly $185 million to more than 800 mutual funds that were affected by illegal market timing by broker-dealer Prudential Equity Group (then known as Prudential Securities, Inc.), which was the subject of a previous SEC enforcement action. MaCOMMISSION ANNOUNCEMENTS SEC Announces $185 Million Distribution to Investors Injured by Prudential Securities Market Timing Fraud
0 kommentar(er)
