SEC Censures Mutual Fund Managers
The fund managers were also hit with cease and desist orders, and had to pay out a total of more than $7.3 million.
The fund managers—Putnam Investment Managers LLC, The Dreyfus Corp., Gartmore Mutual Fund Capital Trust, Kensington Investment Group Inc. and Numeric Investors LLC—have not admitted to any wrongdoing.
All five did, however, submit settlement offers to the...
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