MutualFundWire.com: Pay it Forward
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Thursday, March 22, 2007

Pay it Forward


The funds that were the victims of fraudulent market timing and late trading by the Veras hedge funds are about to get some relief, courtesy of the SEC. Veras consented to the time without admitting the crime. Entering into an agreement to pay out $38 million in Fair Funds to approximately 810 mutual funds, without saying they did anything wrong reports lawfuel.com. Right.


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