Exec stepped up to help small funds investors
From Associated Press, Bloomberg News and New York Times reports
Wednesday, December 10, 2003
Noreen Harrington, the Wall Street executive whose tip triggered the mutual fund investigation, says she stepped forward because she was worried that small investors were being hurt — but had no idea so many companies were tainted by improper trading. New York Attorney General Eliot Spitzer’s office confirmed Harrington’s role, saying it was her phone call in May that laid the foundation for charges of securities law violations against Canary Capital LLC. In September, the hedge fund operator agreed to pay $40 million to settle the charges.
