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Federal regulators issued a blunt warning Monday to the banking industry: Think twice before propping up troubled hedge funds and mutual funds even if they share the bank's name. The guidance comes as prosecutors attack the mutual fund industry for allowing after-market trading by select customers and as the SEC weighs a registration requirement on hedge fund managers in response to a series of scandals.
January 07, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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