Federal Reserve Chairman Alan Greenspan and U.S. Treasury Secretary John Snow on Tuesday called for swift punishment for individuals convicted in the widening mutual fund scandal, Reuters reports.

In letters to the U.S. Senate and House of Representatives, which have held a series of hearings on mutual fund trading practices the last two weeks, Greenspan and Snow commended their efforts to restore investor trust. But Greenspan and Snow stressed that legislators should keep certain principles in mind

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