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, March 15, 2005 Alliance: NASD Settlement is Imminent Officials at Alliance Capital Management are in negotiations with regulators from the NASD. The fund firm executives believe a settlement is imminent, and in anticipation of a final deal, recorded a $5 million charge against 2004 earnings. The settlement concerns directed brokerage, sales and disclosure practices within the distribution group at Alliance Capital, according to the release. Alliance stated that the negotiations began on March 11. Printed from: MFWire.com/story.asp?s=9256 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |