Value Line, CEO, ex-compliance chief paying $45M to settle SEC charges over fund trades fees

Reported by FOX 4 on Thursday, 5 November 2009 (on November 5, 2009)

WASHINGTON (AP) — Investment adviser Value Line Inc., its CEO and its former compliance chief have agreed to pay about $45 million to settle regulators' allegations the firm charged more than $24 million in bogus commissions on mutual fund trades.

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