Three former top executives at mutual fund advisory and broker/dealer firm of Dallas, are reportedly in settlement negotiations with the United States Attorney for the Southern District of New York over criminal securities and wire fraud charges dating back three years.

The Aug. 13, 2004 Federal criminal indictment relates back to market timing and after-hours trading that the three individuals allegedly engaged in for clients using other, non-proprietary mutual funds under cover of the firm's broker/dealer operation, as well as through two affiliated broker/dealers that the firm operated.

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