SEC charges 8 ex-mutual fund directors with failing to exercise value-setting duty

by: Associated Press
Updated: December 10, 2012 - 7:17 PM

WASHINGTON - Eight former mutual fund directors are facing civil charges after they allowed others at the firm to set values for mortgage securities and investors lost roughly $1.5 billion on five funds.

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SEC charges 8 ex-mutual fund directors with failing to exercise value-setting duty

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