Putnam Investments, one of the first companies to be mixed up in the mutual fund trading scandal, continues to pay the price for its involvement, as investors yanked another $1.8 billion in September, bringing its net outflows year to date to out $15 billion, Financial News reports. Putnam is now the ninth-largest U.S. mutual fund firm.

Fidelity was hit with the second-highest new withdrawals in September, seeing $881 million walk out the door during the month. Year-to-date, Fidelity has taken in a scant $3.4 billion in net flows.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.