A jury for the U.S. District Court for the Southern District of New York has ruled in favor of an SEC lawsuit against a former Prudential Securities registered rep for market timing mutual funds between 2001 and 2003.
The SEC said that the rep, Frederick J. O’Meally, evaded mutual fund blocks on his market timing.
The SEC filed its complaint on Aug. 28, 2006. The court will reconvene in January to determine sanctions against O’Meally.
Lee Barney writes for Money Management Executive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access