MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 8, 2010 SEC Finds No Staff Misconduct in Handling of Putnam Whistleblower's Allegations in 2003 There's no evidence the SEC attempted to shield Putnam Investments from whistleblower Peter Scannell's market timing allegations in 2003, according to findings from an internal SEC review that was made public Thursday and picked up by Reuters. Inspector General David Kotz wrote in his report that his staff found no evidence of "staff misconduct" in the way the commission addressed Scannell's concerns. Kotz also wrote that the exit of an official from the SEC was not necessarily tied an effort to shield Putnam. Putnam was among the fund firms hit with market timing allegations in 2003. The Boston firm settled the allegations for $193.5 million. Printed from: MFWire.com/story.asp?s=23831 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |