Eliot Spitzer Address Quotations

Today's agreement between Putnam and the SEC provides some preliminary measures to address certain of the issues raised in the actions filed against Putnam. However, these measures represent only a starting point for needed industry reforms in fund governance and oversight and do not address crucial issues involving restitution to fund holders, fines and penalties,

We need to be vigilant to protect our children, ... It is imperative that parents, industry, prosecutors and lawmakers all work together to identify and address possible threats, and that we teach our children to protect themselves from those who would do them harm.

Federated worked with regulators to address problems with improper trading, ... With this agreement, virtually the entire mutual fund industry has now sworn off improper trading practices and agreed to compensate investors who were harmed.

Federated worked with regulators to address problems with improper trading,