Back-office technology is now emerging as having played a role in the fund scandal, requiring fund companies to take a fresh look at their clearing systems.

New York Attorney General Eliot Spitzer's complaint against Canary Capital for conducting questionable trades in Bank of America Corp.'s mutual funds refers to "state-of-the-art" systems the bank's clearing unit, Banc of America Broker/Dealer Services, installed at the hedge fund.

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