Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|MFS Will Pay $225 Million To Settle SEC Fraud Charges Concerning Mutual Fund Market Timing|
U.S. Securities and Exchange Commission [SEC]
Feb. 6, 2004
Press release (2/5/2004). Excerpt: The Securities and Exchange Commission today announced a settled enforcement action against Massachusetts Financial Services Co. (MFS), its chief executive officer John W. Ballen, and its president and chief equity officer Kevin R. Parke, for violating federal securities laws by allowing widespread market timing trading in certain MFS mutual funds in contravention of those funds' public disclosures.
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