Articles One Complainant Allegedly Unethical Firms Business

On-line newspaper and magazine articles, press releases etc.

• SEC Files Civil Fraud Case Against Fleet for Market Timing Arrangements - It charged that FleetBoston's Columbia Management Advisors and Columbia Funds Distributor allowed certain customers to engage in short-term and excessive trading, while prohibiting others. [SEC}
  
• CAMCO Settles FTC Charges - FTC had alleged that CAMCO and its subsidiaries indulged in abusive and deceptive collection practices violating federal law. [FTC]
  
• SEC Charges Security Trust in Trading Schemes - Company facilitated fraudulent mutual fund late trading and market timing schemes,
  
• KPMG 'obstructed US tax inquiry' - The US Justice Department accuses accountancy firm KPMG of obstructing an IRS investigation into tax shelters. [BBC]
  
• SEC's Agreement to Settle Civil Fraud Charges Against Fleet for Undisclosed Market Timing - SEC had charged that Fleet's subsidiaries Columbia Management Advisors and Columbia Funds Distributors allowed certain preferred mutual fund customers to engage in short-term and excessive trading. [SEC]
  
• KFC’s Claims That Fried Chicken Is a Way to “Eat Better” Don’t Fly - Kentucky Fried Chicken settles FTC charges that it made false claims about fried chicken’s nutritional value and compatibility with popular weight-loss programs. [FTC]
  
• PBHG Funds and Pilgrim Baxter Charged With Fraud - SEC charges the founders with fraud in connection with market timing of the Funds.
  
• Tower Records' Security Flaw Exposed Customers’ Personal Information - MTS and Tower Direct settled Federal Trade Commission charges of exposing customers’ personal information to other internet users, in violation of federal law. [FTC]
  
• SEC to Settle Charges Against Bank of America for Market Timing and Late Trading - SEC had charged that the BoA's Capital Management and Securities subsidiaries facilitated market timing and late trading by Canary hedge fund and others. [SEC]
  
• SEC Charges Gateway with Fraudulent Earnings Manipulation Scheme - The company gave the false and misleading impression that it was outpacing an industry trend of decreasing sales of personal computers.
  
• SEC Charges Former CIBC Managing Director With Fraud - Paul A. Flynn charged with providing financing to hedge funds he knew were engaged in unlawful market timing and late trading of mutual funds.
  
• Mutual Fund Manager MFS Settles with SEC - Massachusetts Financial Services Company (MFS) allegedly used brokerage commissions on mutual fund transactions to illegally pay for their marketing and distribution. [SEC]
  
• SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Insider Trading - Complaint alleges that Stewart committed illegal insider trading when she sold stock of ImClone Systems after receiving an unlawful tip from Bacanovic and subsequently both lied during investigation.[SEC]
  
• FTC Charges QVC Home Shopping Channel With Making Deceptive Claims - DOJ sues QVC for unsubstantiated claims for Lite Bites weight-loss products and Bee-Alive royal jelly dietary supplements. Also alleges same for Lipofactor Cellulite Target Lotion. {FTC]
  
• SEC Charges CMS Energy Corp. with Fraud in Round-Trip Energy Trades - According to SEC, CMS arranged "massive pre-arranged trades that, despite lacking economic substance, grossly inflated CMS's reported revenues." [SEC]
  
• Settlement Reached With Five Specialist Firms - They allegedly violated Federal Securities Laws and NYSE Regulations by executing orders for their dealer accounts ahead of executable public customer or "agency" orders. [SEC]
  
  

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