Tainted firms' damage control questioned; MFS, Putnam downplay missteps.(News)

Investment News,  February, 2004  

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Byline: David Hoffman

MFS Investment Management is going on the defensive.

The Boston-based mutual fund company is working to regain the trust and confidence of the advisers who sell its funds, in part by touting its relative innocence with regard to the continuing mutual fund scandal. The move comes days after the nation's 11th-biggest fund company reached a settlement with regulators over improper trading in its funds.

"I think we need to emphasize how relatively benign this is,'' said Robert C. Pozen, who last week was named non-executive chairman at MFS. He ...

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