MutualFundWire.com: Victims of Strong Funds' Insider Trading Have Yet to See any Money
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Monday, October 15, 2007

Victims of Strong Funds' Insider Trading Have Yet to See any Money


Distribution logistics have put the SEC's plans to distribute restitution money to former investors of Strong mutual funds on ice. The Milwaukee Journal Sentinel reports that the $140 million Richard Strong agreed his company would pay to cover the losses investors incurred due to insider trading has not yet been distributed. SEC officials blame the delay on not being able to locate the thousands of investors harmed by Strong's actions. Officials tell the Journal Sentinel that they want to "get it right" when they do go through with the disbursement.


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