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Stock brokers, mutual funds investigated.(Business News)

Publication: UPI NewsTrack

Publication Date: 24-NOV-04
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COPYRIGHT 2004 United Press International

WASHINGTON, Nov. 24 (UPI) -- U.S. stockbrokers are being investigated for allegedly giving lavish gifts to mutual fund managers for lucrative stock trades.

Both the Securities and Exchange Commission and the National Association of Securities Dealers launched a coordinated inquiry last month into about two dozen Wall Street brokerage...

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