News Flash- SEC Eyeing U.S. Bancorp Fund for Trading Activity

U.S. Bancorp Asset Management last week indicated in an SEC filing it is cooperating with the SEC on an informal inquiry into trading activity in the First American Small Cap Growth Opportunities fund. Spokespeople for the company did not return phone calls seeking comment.

Additionally, both the SEC and NASD are looking into activity at spun-off brokerage unit, Piper Jaffray.

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