Putnam Investment Management Allegedly Unethical Firms Business Issues

Putnam settles with SEC for violating federal securities laws by failing to disclose improper market timing trading by its portfolio managers.[SEC]

• Putnam Agrees to Pay for Losses Attributable to Excessive Trading - SEC found that Putnam committed securities fraud by business failing to disclose potentially self-dealing excessive short-term and business market timing trading.
• Putnam Agrees to Pay to Resolve Market Timing Charges by SEC - Putnam settles with SEC for violating federal securities laws by business failing to disclose improper market timing trading by its portfolio business managers.[SEC]

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