The Securities and Exchange Commission said this week that it has charged a Napa, Calif., fund company with posting "outdated and misleading" performance data on its Web site.

The SEC said data that had been posted on the firm’s Web site showed returns of more than 400% from inception through March 10 of 2000. In fact, the SEC said that, following March 10 of that year, the fund’s total returns plummeted by more than half. The SEC said the data remained on the Web site until December of 2000.

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