unsuitability for excessive trading, it is clear that plaintiffs have
unsuitability on excessive trading grounds or churning often accompany
It is also clear that significant problems of excessive trading and
a former broker, has been charged in a FINRA complaint with excessive trading
and churning activity in two customer accounts.
The proposed actions all arise out of alleged market timing and/or excessive trading in the Funds in 2002 and 2003 by an individual whose employment subsequently was terminated by the Bank.
There has been no suggestion that the recipients of the Wells notices profited or sought to profit from the alleged market timing and/or excessive trading of this former employee.
Sentinel Financial Services Company (SFSC), distributor of Sentinel Funds, has entered into a settlement with the NASD that resolves issues regarding inadequacies in its e-mail retention capabilities, supervisory procedures as they relate to the excessive trading
policy of the fund group and alleged short-term trading losses.
these shortcomings, the overall incidence of excessive trading
The Audit and Pricing Committee recommended to the Board of Trustees that it seek restitution for the Funds and their shareholders for the costs they incurred as a consequence of inappropriate employee trading in The Putnam Funds and for Putnam's failure to control excessive trading in a limited number of 401(k) accounts in a timely manner.
The report also identifies deficiencies in the monitoring and deterrence of excessive short-term trading in 401(k) plans, though the incidence of excessive trading in these plans overall was very low.
potential excessive trading
by significantly increasing
2 million of client funds, and for excessive trading