The firm said that "governmental review" of the matters is continuing, although Smith Barney did not specify which regulator is probing the group, the Associated Press reports. However, the firm has previously said that both the
Back in October, the firm fired four brokers in a probe into market timing at the firm.
The firm, which said it doesnt believe the agreement included late trading or selective disclosure of portfolio information, maintained an agreement that allowed an investor to rapidly trade in and out of the consulting group capital markets funds.
Smith Barney said it doesnt expect any resolution to have a material impact on the fund itself.
