Civil Fraud Charges against Columbia

Yet another prominent mutual fund company is under seige by regulators. The SEC and the New York attorney general's office allege that senior executives at Columbia Funds Distributor Inc., a unit of Fleet Bank, approved secret agreements to let sophisticated investors trade rapidly in mutual funds at the expense of ordinary shareholders. The complaints allege that the company allowed flippers to engage in $2.5 billion of improper transactions in at least seven mutual funds from 1998 to the summer of 2003.

Past Issues

December 22, 2003
October 14, 2003
August 11, 2003
August 4, 2003
July 21, 2003
June 30, 2003
June 23, 2003
June 2, 2003
May 27, 2003
May 19, 2003
May 12, 2003
May 5, 2003
April 28, 2003
April 21, 2003
April 7, 2003
March 14, 2003
January 20, 2003
December 23, 2002
December 2, 2002
November 18, 2002
November 1, 2002
October 21, 2002
September 30, 2002
September 16, 2002
August 1, 2002
June 15, 2002
June 1, 2002
April 10, 2002

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