Recognizing the mutual fund industry’s need to combine technology and compliance solutions in order to curb trading abuses, IBM and Mantas, Inc. have joined to preemptively cure the industry of the transgressions that have dominated the headlines since early September.

Mantas, which provides compliance solutions for both the financial services and telecommunications industries and IBM, the IT giant, said they "will focus initially on a combined technology and services solution that addresses the recent mutual fund scandals involving trading abuse including late trading, market timing, self-dealing and breakpoint violations."

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