New York Attorney General Eliot Spitzer announced Wednesday he plans to formally charge Richard Strong, chairman and founder of Strong Financial, with using inside fund information to take $600,000 in market-timing profits between 1998 and 2001.

Spitzer said he will press these charges in conjunction with the Securities and Exchange Commission, although he reportedly declined to say whether they would be criminal or civil charges. Strong, CEO of one of the original four firms named in Spitzer’s original suit against Canary Capital Partners, will also be charged along with at least one other executive.

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