Stephen Cutler
Stephen Cutler
agreed america bank continue effort hold implement million parties pay reflect reforms
The $375 million that Bank of America has agreed to pay and the significant reforms that it has agreed to implement reflect the seriousness of the misconduct in this matter, ... We will continue to investigate that misconduct in an effort to hold all responsible parties accountable.
available meaningful portions relief states
The distribution payments will be more meaningful if the states make their portions of the relief available to investors,
anticipate certainly consequences people piece
Certainly every piece of legislation is going to have some consequences that people didn't anticipate at the outset,
adjusting care earnings enhancing eye investors looking managers numbers whether
looking to see whether managers are adjusting their assumptions with an eye to enhancing the earnings and balance-sheet numbers investors care about. That could be fraud.
agreed implement million pay reflect reforms staff views
The $100 million that Janus has agreed to pay and the significant reforms that it has agreed to implement reflect the seriousness with which the staff views market-timing arrangements,
currently dozen half looking potential situations
There are about half a dozen situations that we're currently looking at for potential FD violations.
fund intended mutual order provide reforms undertake
The reforms Putnam will undertake as part of the commission's order are intended to provide real and substantial protections for mutual fund investors.
credible drawn leads pursuing
We are vigorously pursuing all credible leads but, at this time, we have drawn no conclusions.
continue effort hold parties
We will continue to investigate these improper arrangements in an effort to hold all responsible parties accountable.