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Tuesday, March 21, 2006

American Funds won't yield to NASD allegations

American Funds won't yield to NASD allegations

American Funds says it has been wrongly accused by the NASD of improperly steering stock trades to brokerages that promoted its funds. The Los Angeles-based company is demanding NASD prove its allegations in a hearing.

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http://r.smartbrief.com/resp/dimwjjvHhXASgxnyye

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