The allegations read: The portfolio manager of the seaboard group of mutual funds allegedly conspired with certain individuals to split profits made from their investing which was influenced by
the timing of the stock purchases by the mutual fund. As a
result, approximately 35 securities firms that did business
with the funds on transactions that were determined to be
questionable were named in the action. Collins securities
unknowingly processed a trade with the fund and an investor
that was later deemed to be part of the action.
