Dilution

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Pre-written Papers:

Title: Dilution

Essay Details:

Subject: Business

Author: William L

Date: September 8, 2013

Level: University

Grade: B

Length: 5 / 1333

Essay text:

That figure could end up totaling many hundreds of millions of dollars -- money that regulators are likely to try and take out of the coffers of mutual-fund companies. For now, with investigations into abuses involving the trading of fund shares still far from complete, it is impossible to put a price tag on the biggest scandal to hit the fund industry in decades. A first stab at estimating the cost for just one company was taken by Bank of America last week, which said it was setting aside $100 million to pay for legal fees and other scandal-related expenses, as well as an undisclosed amount in restitution for fund shareholders Janus Capital Group, another fund group mentioned prominently in the scandal investigation by New York Attorney General Eliot Spitzer, also has given an early figure on at least some of its expected costs...

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