Business Services Industry
ING Group's internal probe finds irregularities in U.S. mutual funds trading.
Knight Ridder/Tribune Business News, September, 2004
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Sep. 9--ING Group said Wednesday that an internal probe of trading in its U.S. mutual funds has found "a small number of irregularities" -- some at a former Aetna company it acquired.
The Dutch financial services company said the internal review is "substantially completed." But ING is still awaiting the outcome of reviews by the Securities and Exchange Commission, New York attorney general's office and the National Association of Securities Dealers.
ING and most other major financial services companies received inquiries or subpoenas from federal and state regulators last year on market timing and late trading in mutual funds. ING got inquiries from...
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