Stephen Cutler
Stephen Cutler
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.
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.