
The New York Attorney General announced a $125 million settlement -- $100 million in restitution $25 million in penalties -- with CIBC to resolve allegations of unlawful trading of mutual funds through market timing. The settlement was negotiated together with the SEC, which issued its own announcement. For more info visit https://www.sec.gov/news/press/2005-103.htm https://web.archive.org/web/20101113154957/http://www.ag.ny.gov/media_center/2005/jul/jul20a_05.html