In what could set a new precedent in the persisting mutual fund scandal, Federal prosecutors have filed criminal charges against a former broker at Prudential Securities for wire and securities fraud related to mutual fund market timing.

According to court documents filed by the U.S. Attorney General's office in Boston on Aug. 2, Skifter Ajro, 37, is accused of being a member of a group of brokers in Prudential's Boston offices that engaged in deceptive and fraudulent trading in shares of mutual funds between August 2001 and October 2003.

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