Eliot Spitzer Mutual Quotations

Mutual funds, who have a fiduciary duty to shareholders, who have made the representation that they will do what's reasonable to stop these trades, and then they take payments for allowing these trades to take place -- they're in deep trouble,

Millennium developed multiple schemes that cost mutual fund investors tens of millions of dollars.

What we have is a fundamental violation of the rights of shareholders and a violation of the duty of mutual funds to protect the interests of long-term shareholders,

My office, while committed to working with the Securities and Exchange Commission in our investigation of the mutual fund industry, will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist,

With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed,

Federated worked with regulators to address problems with improper trading, ... With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed.

Every time we turn over a rock in the mutual fund industry these days, we are seeing vermin crawl out that are appalling: Late trading; timing by those in the executive boardroom; billions of dollars being scraped off that should be going into the pockets of investors instead ending up in the hands of the executives,