Crackdown On Mutual Fund Abuse - Page 2 of 2

Crackdown On Mutual Fund Abuse

will be the penalties for companies found guilty of these practices?

Roye: There are a broad range of civil remedies available to the [SEC] to use against violators, such as obtaining injunctions, assessing fines and penalties, and barring firms and individuals from the securities business. It is conceivable that some violations could merit criminal prosecution.