Regulators are expected to reach settlements with Conseco, Invesco Funds and Bank One Corp., the latter of which was one of the original four firms implicated in the far-reaching mutual fund scandals, by the end of June, Reuters reports. New York Attorney General Eliot Spitzer filed a complaint against Bank One in September for involvement in the late trading scandals at Canary Capital Partners. Invesco was accused of improper trading in a lawsuit filed in December by the Securities and Exchange Commission and attorneys general in New York and Colorado. Conseco has been waiting since January for regulators to decide whether to charge the firm with improper trading in its variable annuities.

An insider who is familiar with regulators' activities told Reuters that settlements for both firms are expected by the end of this month.

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