SEC developing rules to curb trade abuse

SEC Chairman William Donaldson testifies before the Senate Banking Committee in this file photo.
SEC Chairman William Donaldson testifies before the Senate Banking Committee in this file photo.
The U.S. Securities and Exchange Commission will propose rules as early as next month designed to block trading abuses in mutual funds, SEC Chairman William Donaldson said. The SEC has been investigating trading practices at major mutual fund companies since early September when New York Attorney General Eliot Spitzer revealed his probe into illegal trading…

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