A former Prudential Securities
branch office manager has been charged by federal prosecutors for allegedly assisting in a fraudulent scheme involving the market timing of mutual funds.
, 54, was charged Wednesday with one count of aiding and abetting securities fraud as part of an ongoing probe into improper mutual fund trading practices, prosecutors announced in a news release.
In 2005, some of the former brokers Shannon supervised in the Boston office, including Martin Druffner and Skifter Ajro, pleaded guilty in the scheme.
Shannon, a former Brookline, Massachusetts resident now living in Maryland, resigned in 2003.
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