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THOUGHT FOR THE DAY!

" As the mainstream media has become increasingly dependent on advertising revenues for support, it has become an anti-democratic force in society."-- Robert McChesney, journalist and author

 

Suit alleges big investors tipped off on money fund

With billions of dollars of client money at stake, broker-dealer Ameriprise Financial Inc. on Friday sued New York fund manager Reserve Management Co., alleging it tipped off big institutional investors about its troubled money-market fund, the Primary Fund, but not smaller investors.

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