Investment Firm Settles Fraud Case

The Bermuda-based investment firm Canary Capital Partners agrees to pay $40 million to settle allegations that it illegally traded shares of several big mutual fund companies. New York Attorney General Eliot Spitzer, who announced the settlement, says the firm acted with the complicity of Bank of America. NPR's Jim Zarroli reports.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.