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Friday, May 21, 2004

Strong Capital Exec vs Eliot Spitzer: "Fund Executive, Fined $60 Million, Accepts Life Ban
By RIVA D. ATLAS

Published: May 21, 2004
Associated Press

Richard S. Strong, the chairman of Wisconsin-based Strong Financial Corp., has agreed to pay a $60 million fine, apologize and accept a lifetime ban by the financial industry to settle an investigation into improper fund trading.

Richard S. Strong, who helped fuel the extraordinary growth of mutual funds over the last three decades, agreed yesterday to pay $60 million and be banned from the financial industry for life to settle an investigation over rapid trades he made at the expense of investors in his funds."

posted by Richard at Friday, May 21, 2004

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