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Investment Firm Settles Fraud Case

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Investment Firm Settles Fraud Case

Business

Investment Firm Settles Fraud Case

Investment Firm Settles Fraud Case

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  • <iframe src="https://www.npr.org/player/embed/1419452/1419453" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.

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