NEW YORK, Sept 29 (Reuters) - Top executives at money management firm J&W Seligman & Co. approved at least a dozen secret deals allowing abusive trading in its mutual funds, New York Attorney General Eliot Spitzer said on Thursday.
In a court filing on Wednesday, Spitzer cited previously undisclosed evidence of market timing at Seligman and asked a state court to order the company to provide additional information relating to trading abuses at the firm.
"While the company has acknowledged allowing some improper market timing, the full extent of the problem at Seligman has not been disclosed to investors," Spitzer said in a statement.
Reuters
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