Alliance Capital said Friday that it settled three open regulatory issues. Only one settlement involved its mutual fund business. In that case, Alliance said it settled an SEC charge that it provided incomplete descriptions of quarterly distributions to shareholders of the Alliance All-Market Advantage Fund and the Spain Fund.
The other two settlements involved the NASD and the New York Stock Exchange. The NASD case had been previously disclosed and involved the personal securities trading of a research analyst.
The NYSE matter was also previously disclosed and involved Electronic Blue Sheet submissions.
Alliance officials added that the resolution of each of these matters is subject to final regulatory approval and definitive documentation.
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