That word came from the Bank of New York (BoNY) in an SEC filing in which BoNY said the probe includes both BNY Hamilton Funds Inc. – a third-party service provider that acts as the funds’ administrator and principal underwriter – and BoNY, which acts as the funds’ investment advisor, Reuters reported.
It was not immediately clear when the SEC began its investigation or what stage the agency has reached, according to the news report.
In its previous quarterly report, filed November 9, Bank of New York said government and self-regulatory agencies were examining the relationship involving the BNY Hamilton funds. It did not then say specifically that the SEC was involved.
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