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 |
|
Monday, August 23, 2004 Florida BD Hopes to Settle in 2004 Empire Financial, a broker-dealer under investigation by the SEC for mutual fund late trading and improper trades, has taken steps to reach a settlement with regulators, officials stated in a Friday filing. "We believe that the Company has taken certain actions to facilitate a settlement with the SEC, and, therefore, we are optimistic that a resolution of the SEC investigation will occur during 2004," stated Donald A. Wojnowski, Jr., president of Empire. Kevin Gagne, former chairman and chief executive of the broker-dealer, took a leave of absence in May and resigned in June. In May, Empire Financial said all employees connected with the trading scandals were no longer at the firm. Printed from: MFWire.com/story.asp?s=7861 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |