Federal and state authorities on Tuesday accused seven former Prudential Securities employees of fraud related to mutual fund trading, on the same day that the outrage over improper trading hit Janus Capital Group Inc.
The US Securities and Exchange Commission and Massachusetts securities regulators filed charges against five brokers and two managers in Prudential's Boston office, saying they raked in millions of dollars with their superiors' blessing.
In the first sign that Janus will feel investors' wrath, Colorado's biggest public employee pension fund said it was dropping Janus' flagship mutual fund from its employee retirement plan.
http://www.taipeitimes.com/News/worldbiz/archives/2003/11/06/2003074827