Wellington investors on edge after insider trading subpoena

11/29/2010 | InvestmentNews (free registration)

The Vanguard Group says its $175 billion in investments with Wellington Management are sound following last week's reports that federal agents had subpoenaed Wellington in connection with an insider trading probe. Vanguard is "committed to [its] relationship and the investment services [of] Wellington Management," the company said in a statement. Vanguard is working to assuage some worried investors, according to a spokesperson, who noted that Wellington has not been charged with wrongdoing.

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