UK’s FSA takes issue with misselling and market timing

Indeed, the mood in the UK very much reflects the climate in the US, where NewYork Attorney General Eliot Spitzer is aggressively pursuing mutual fund companiesin all of these areas as well. The FSA’s approach, say industry sources,is somewhat less hostile than that of the US regulators, but regulators are saidto be determined to sort out the industry’s problems as quickly as possible.

A new McCarthy witch-hunt?

After the market-timing and late-trading scandal broke in the US, UK regulators

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