The Securities and Exchange Commission reportedly may soon charge Fremont Investment Advisors and an ex-employee for late trading and market timing, the company said.

In filings with the SEC and admissions on its company Web site, Fremont said it had received Wells notices stating that from 2001 to October 2002, one former employee and potentially a second participated in inappropriate trading. Fremont has admitted to market-timing arrangements with some clients, but said those arrangements ended a year-and-a-half ago. Since that time, the company says it has amended policies to stop the unethical trades.

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