Mutual Funds Are The New New Thing

With the recent announcement of an investigation by New York’s attorney general into mutual fund trading practices, there is little doubt that money management firms can expect a wave of securities class actions. Indeed, a number of cases have already been filed.

The 10b-5 Daily will be tracking and reporting the developments in these cases. In the meantime, the Los Angeles Times has a solid primer on what has happened so far.

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