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Scudder Investments Says It Had a Market-Timing Arrangement
There are skeletons in every closet.
In a filing with the Securities and Exchange Commission Tuesday, Scudder Investments acknowledged that an internal investigation uncovered a market-timing arrangement that has since been terminated.
An unidentified investment advisory firm had an arrangement with Scudder that resulted in "frequent trading ... inconsistent with registration statement policies," according to the filing. The fund at issue is the (BTEQX Quote)Scudder International Equity fund. ...
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