"Sentinel Faces SEC Fraud Charges" Reports Wall Street Journal

Aug 20 07

"Sentinel Faces SEC Fraud Charges" Reports Wall Street Journal. The Securities and Exchange Commission will file fraud charges against Sentinel Management Group says The Wall Street Journal. The company ran a $1.5 billion asset pool, which was mistakenly identified as a "money market fund" in news reports, was attempting to liquidate assets and declared bankruptcy Friday. The SEC undoubtedly will take issue with the firm's characterization of its "cash management" program as safe and liquid in marketing materials.

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