In its investigation into
The regulator made the discovery searching through the company's e-mails, in which a number of ING employees expressed concern that market timing by a few large clients was hurting returns for long-term shareholders.
ING fired a number of employees in 2004 for market-timing infractions, and last year, it paid
ING's president of retirement services in the U.S., Kathleen Murphy, said the company didn't accept fees to promote mutual funds in New Hampshire's retirement plan.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.