MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 9, 2004 MFS Hires Consultants to Make Good with Investors MFS has hired a law expert and an auditing expert to help the firm dole out cash from its $400 million dual settlements with regulators. John Coates, a Harvard law professor, will serve as an independent distribution consultant and Peter Drotch, a retired PricewaterhouseCoopers consultant, will serve as an independent compliance consultant. Coates has been a professor at Harvard Law since 2001 and an assistant professor there from 1997. Prior to that, Coates was a partner at Wachtell, Lipton, Rosen & Katz. Drotch, who worked at PWC for more than 25 years, is also trustee and audit committee member of State Street Research funds. MFS settled regulators' market timing allegations in February for $350 million. Separate directed brokerage allegations were settled for $50 million in March. Printed from: MFWire.com/story.asp?s=7584 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |