With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed,
More Quotes from Eliot Spitzer:
This agreement sends a message that intrusive and deceptive practices will not be tolerated,Eliot Spitzer
State law specifically prohibits possession of stun guns and related weapons, ... This agreement will help ensure that the Internet is not used to facilitate illegal activity.
Eliot Spitzer
I don't care about motivation. I care about credibility.
Eliot Spitzer
My office will take all reasonable steps to ensure that the ill-gotten gains of those who engage in this conduct are returned to investors, that wrongdoers are held responsible, and that the appropriate reforms are implemented to halt this egregious activity,
Eliot Spitzer
Mutual funds, who have a fiduciary duty to shareholders, who have made the representation that they will do what's reasonable to stop these trades, and then they take payments for allowing these trades to take place -- they're in deep trouble,
Eliot Spitzer
If we can get (Indian Point) to a point where it is not needed, wonderful, ... Do I think that is going to happen anytime soon No.
Eliot Spitzer
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