BOSTON — The company credited with inventing the mutual fund 80 years ago was formally swept up in the improper fund trading scandal Thursday, as Massachusetts Financial Services agreed to relinquish ...

In an unusual move, one of the five Securities and Exchange Commissioners is publicly criticizing last week’s settlement with Massachusetts Financial Services over improper trading, arguing the SEC ...

Massachusetts Financial Services, investment adviser for America`s oldest mutual fund group, on Tuesday replaced the portfolio manager for one of its growth and income funds with a committee of 16 ...

Pension managers in California, Oregon and New Mexico are reviewing their investment of $1 billion with Massachusetts Financial Services Co. as the Boston-based company, accused of allowing improper ...

Separately, Ballen and Parke will each pay a $250,000 penalty and more than $50,000 back in profits from the company's practices. MFS is the latest mutual fund company to settle with regulators in a ...

An Interview With John Ballen-- As an antidote to the steady drumbeat of downbeat outlooks delivered by any number of bearish strategists, technical analysts and value managers recently, we thought it ...