A.G. Edwards' tussle with regulators is getting more intense. According to a letter submitted to the Securities and Exchange Commission by Douglas Kelly, A.G. Edwards' director of law and compliance, and released by William Galvin, Massachusetts secretary of the commonwealth, illegal mutual fund trading activities were not confined to the company's Boston branch but were rampant.

Kelly said in his letter that five brokers and a wire operator made more than 1,000 suspicious trades in their personal accounts at the firm's Lake Forest, Ill., branch, for one, according to the St. Louis Post-Dispatch.. Allegations of late trading were also brought against the company's St. Louis branch.

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