New York State Attorney General Eliot Spitzer is in talks with Strong, Janus, Bank One and BoA to to find individual settlements with his office, Bloomberg reports.

Spitzer is asking the fund companies to change the way they do business, an anonymous source told Bloomberg.

Look for full coverage of the terms the New York A.G. is calling for industrywide during this week’s Congressional testimony in this coming Monday edition of Money Management Executive – including bidding out contracts to negotiate lower investment management fees and a "favored-nations" clause in contracts.

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