September 28, 2007
Online mutual fund trader Mutuals.com has agreed to pay the U.S. Securities and Exchange Commission $5 million to settle allegations that the company facilitated market timing and late trading by a handful of institutional investor clients.
January 10, 2006
The U.S. Securities and Exchange Commission has imposed its largest fine to date in the investigation of mutual fund trading abuses, ordering Daniel Calugar to pay $153 million to settle allegations of late trading and market timing.