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Rating:ING Emails Reveal Market-Timing Concern Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, June 15, 2006

ING Emails Reveal Market-Timing Concern

by: Marie Glancy

The complaint New Hampshire's securities regulator has brought against ING Groep includes internal ING emails referring to market-timing practices as far back as 2001, it's emerged.

The Wall Street Journal reported on the development Wednesday, detailing certain emails in which employees expressed worries over the practice or urged that it be halted. At least one ING service center official, Shaw McCabe, suggested by email that such a step would lose the company much of its $50 million in "high-profile market timing accounts."  

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