Archive for December, 2010

The Fidelity Ultrashort Bond Fund (FUSFX)

The state of Ultrashort bond fund market has wreaked havoc on investors and created massive financial losses for many investors. The Fidelity Ultra-Short Bond Fund, symbol: FUSFX is the subject of investigation by Napoli Bern Ripka and from investors who say the funds were marketed to them as safe investments that [...]

BofA Agrees to $137 Million Settlement in Municipal Bond Investigation

U.S. Justice Department officials said today that Bank of America has agreed to pay $137.3 million to resolve allegations of bid rigging in the municipal bond industry. B of A entered a global agreement with 20 states and four federal agencies, including the Securities and Exchange Commission. According to SEC documents, [...]