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 |
|
Tuesday, November 23, 2004 Come Again? Palm greasing is a two-way street, apparently. The SEC and the NASD are investigating at least two dozen broker-dealers for overly generous gifting to mutual fund executives, according to a Reuters article on Tuesday. Under scrutiny are expensive gifts such as golf trips and Super Bowl Tickets, a SEC spokesman told Reuters. "[S]ome brokerage firms may have given excessive gifts to employees of mutual fund advisers in an effort to curry their favor," an SEC spokesman told Reuters. Printed from: MFWire.com/story.asp?s=8501 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |