THOUGHT FOR THE DAY!

Truth needs no law to support it. Truth is self-evident to all. Truth withstands re-examination. Truth survives questions. Throughout history, from Galileo to Zundel, only lies and liars have resorted to the courts to enforce adherence to dogma." -- Michael Rivero

 

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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