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Rating:Two More Firms Subpeonaed Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 19, 2003

Two More Firms Subpeonaed

by: Nicole Halsey

Fidelity Investments and John Hancock have received subpoenas from Massachusetts and New Hampshire regulators as part of the states continue their probe of improper mutual fund trading practices, Bloomberg News reports.

Fidelity spokesperson Anne Crowley said the firm was asked for information about the trading records of international stock fund managers. However, she added that the subpeona was for details, not a statement of wrongdoing.

In a statement, Hancock said it received a similar request.  

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