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Investors Get Checks From $55.6M Banc One Deal

Law360 (August 13, 2007, 12:00 AM EDT) -- The money allocated by Banc One Investment Advisors Corp. as part of a 2004 settlement with federal regulators over alleged fraudulent market timing behavior has been distributed, the U.S. Securities and Exchange Commission announced Monday.

More than 200,000 investors allegedly harmed by Banc One's activities will receive a sum of roughly $55.6 million, comprising $40 million in civil penalties and $10 million in disgorgement, plus interest, the SEC said.

"Returning money to investors injured by the unlawful market timing in this and other matters marks the...
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