William Galvin, Massachusetts Secretary of the Commonwealth said last week that New Hampshire, Alabama, and Connecticut have joined in subpoenaing fund companies seeking their records in relation to the ongoing investigation into trading practices, Reuters reports.

The report indicated that Fidelity Investments, MFS Investment Management, Loomis Sayles, Pioneer Investment Management, as well as John Hancock Funds and Scudder Investments had all been sent subpoenas.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.