Prudential Securities brokers in the firm’s Garden City, N.Y., office are being investigated by the New York attorney general and Securities and Exchange Commission for improper mutual fund trading, The New York Times reports.

As one of its targets, the investigation, the latest arm in New York Attorney General Eliot Spitzer’s multi-pronged probe, names Frederick J. O’Meally, one of the firm’s most productive brokers from 1994 to 2003, and who was recently fired.

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