
NASD fined State Street Research Investment Services, Inc. (SSR) $1 Million for failing to prevent market timing of State Street Research mutual funds due to its inadequate supervisory systems. SSR also agreed to pay more than $500,000 in restitution to the individual State Street Research mutual funds to compensate the for losses attributed to the market timing activity. For more info visit https://web.archive.org/web/20041019230210/http://www.nasdr.com/news/pr2004/release_04_010.html