Year: 2006

SEC Tries Again to Claim Market Timing is Fraud

SEC recently filed yet another enforcement action claiming fraud under the headline “SEC Refiles Action Against Two Former Columbia Executives for Conduct Relating to Mutual Fund Market Timing Arrangements.” Lit. Rel. No. 19708 This, of course, is not the

Star Investment Banker Quattrone Wins Again

The NASD has withdrawn charges against former Credit Suisse First Boston (now Credit Suisse (USA)) investment banker Frank Quattrone. In March 2003, the NASD charged Mr. Quattrone with “spinning,” claiming that he used the lure of popular initial public offerings