Invesco Funds Group is the next fund company to face securities fraud charges, The Wall Street Journal reports this morning, in an expose on how some of the firm’s fund managers fought with top executives over their decision to permit market timing.

Calling the infight a "stormy debate," The Journal explains in detail how the portfolio managers didn’t want big-money hedge funds to sap their performance. Management, however, was more than happy to accept the fund flows during the bear market.

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