KFC’s Claims That Fried Chicken Is a Way to “Eat Better” Don’t Fly
- Kentucky Fried Chicken settles FTC charges that it made false claims about fried chicken’s nutritional value and compatibility with popular weight-loss programs. [FTC]
- http://www.ftc.gov/opa/2004/06/kfccorp.htm

Major Pharmaceutical Firm (Glaxo) Concealed Drug Information
- New York's lawsuit alleges that GlaxoSmithKline misled doctors about the safety of Paxil, a drug used to treat depression in children. [New York Attorney General]
- http://www.oag.state.ny.us/press/2004/jun/jun2b_04.html

Former NYSE Chief Sued Over Excessive Pay Package
- New York Attorney General's lawsuit against New York Stock Exchange and Mr. Grasso cites violations of Not-for-Profit Corporation Law in the award of an excessive compensation package.
- http://www.oag.state.ny.us/press/2004/may/may24a_04.html

SEC Charges Former CIBC Managing Director With Fraud
- Paul A. Flynn charged with providing financing to hedge funds he knew were engaged in unlawful market timing and late trading of mutual funds.
- http://www.sec.gov/news/press/2004-12.htm

Tower Records' Security Flaw Exposed Customers’ Personal Information
- MTS and Tower Direct settled Federal Trade Commission charges of exposing customers’ personal information to other internet users, in violation of federal law. [FTC]
- http://www.ftc.gov/opa/2004/04/towerrecords.htm

KPMG 'obstructed US tax inquiry'
- The US Justice Department accuses accountancy firm KPMG of obstructing an IRS investigation into tax shelters. [BBC]
- http://news.bbc.co.uk/1/hi/business/3312721.stm

SEC Files Civil Fraud Case Against Fleet for Market Timing Arrangements
- It charged that FleetBoston's Columbia Management Advisors and Columbia Funds Distributor allowed certain customers to engage in short-term and excessive trading, while prohibiting others. [SEC}
- http://www.sec.gov/news/press/2004-20.htm

Settlement Reached With Five Specialist Firms
- They allegedly violated Federal Securities Laws and NYSE Regulations by executing orders for their dealer accounts ahead of executable public customer or "agency" orders. [SEC]
- http://www.sec.gov/news/press/2004-42.htm

Mutual Fund Manager MFS Settles with SEC
- Massachusetts Financial Services Company (MFS) allegedly used brokerage commissions on mutual fund transactions to illegally pay for their marketing and distribution. [SEC]
- http://www.sec.gov/news/press/2004-44.htm

SEC's Agreement to Settle Civil Fraud Charges Against Fleet for Undisclosed Market Timing
- SEC had charged that Fleet's subsidiaries Columbia Management Advisors and Columbia Funds Distributors allowed certain preferred mutual fund customers to engage in short-term and excessive trading. [SEC]
- http://www.sec.gov/news/press/2004-34.htm

SEC to Settle Charges Against Bank of America for Market Timing and Late Trading
- SEC had charged that the BoA's Capital Management and Securities subsidiaries facilitated market timing and late trading by Canary hedge fund and others. [SEC]
- http://www.sec.gov/news/press/2004-33.htm

SEC Charges CMS Energy Corp. with Fraud in Round-Trip Energy Trades
- According to SEC, CMS arranged "massive pre-arranged trades that, despite lacking economic substance, grossly inflated CMS's reported revenues." [SEC]
- http://www.sec.gov/news/press/2004-38.htm

CAMCO Settles FTC Charges
- FTC had alleged that CAMCO and its subsidiaries indulged in abusive and deceptive collection practices violating federal law. [FTC]
- http://www.ftc.gov/opa/2004/03/camco.htm

FTC Charges QVC Home Shopping Channel With Making Deceptive Claims
- DOJ sues QVC for unsubstantiated claims for Lite Bites weight-loss products and Bee-Alive royal jelly dietary supplements. Also alleges same for Lipofactor Cellulite Target Lotion. {FTC]
- http://www.ftc.gov/opa/2004/03/qvc.htm

SEC Charges Martha Stewart, Broker Peter Bacanovic with Illegal Insider Trading
- Complaint alleges that Stewart committed illegal insider trading when she sold stock of ImClone Systems after receiving an unlawful tip from Bacanovic and subsequently both lied during investigation.[SEC]
- http://www.sec.gov/news/press/2003-69.htm

SEC Charges Security Trust in Trading Schemes
- Company facilitated fraudulent mutual fund late trading and market timing schemes,
- http://www.sec.gov/news/press/2003-164.htm

SEC Charges Gateway with Fraudulent Earnings Manipulation Scheme
- The company gave the false and misleading impression that it was outpacing an industry trend of decreasing sales of personal computers.
- http://www.sec.gov/news/press/2003-157.htm

PBHG Funds and Pilgrim Baxter Charged With Fraud
- SEC charges the founders with fraud in connection with market timing of the Funds.
- http://www.sec.gov/news/press/2003-161.htm