MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 13, 2013 Settlement Reached in 8-Year-Old Smith Barney Fund Kickback Case Claims against former senior vice president of Smith Barney, Lewis Daidone and Citigroup have been resolved in a $4.9 million settlement, Reuters Nate Raymond reports. The eight year-old case continued after Smith Barney was accused of allegedly receiving kickbacks for providing back-office services to mutual funds, Raymond writes. The claims against Citigroup, Citigroup Asset Management Chief Executive Thomas Jones and Smith Barney were tossed last August by U.S. District Judge Wlliam Pauley, Raymond writes, but the claims against Daidone continued. To read more, click here. Printed from: MFWire.com/story.asp?s=45471 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |