March 15 /PRNewswire/ -- Bank of America today announced agreements in principle with the New York Attorney General and the Securities and Exchange Commission over matters related to improper late day trading and market timing of mutual funds.
Quickly after charges of late day trading and improper market timing surfaced last fall, the company launched an internal investigation.
There has also been no suggestion that the recipients of the Wells notices themselves engaged in market timing or late day trading
or that they entered into any special arrangements to permit market timing or late day trading
in exchange for compensation or business consideration.
Who/What: 401(k) experts from Hewitt Associates, a global HR outsourcing and consulting firm, are available to discuss the impact of the SEC's proposed late day trading
regulations on 401(k) investors.
8 /PRNewswire/ -- Bank of America and the Nations Funds Board of Trustees, through its independent Chairman, William Carmichael, today announced actions in response to allegations last week by the New York Attorney General's office concerning certain activities relating to the distribution of mutual fund shares, specifically market timing and late day trading
SEI's progress toward this goal has included straight-through solutions in mutual fund processing, late day trading
for mutual funds, system integration with a virtual matching utility, and smart routing of trade orders through the MarketLink(TM) Brokerage Services Platform using UNX technology.