EAST RUTHERFORD, NJ: For the past two years, MWW Group has been working with Federated Investors to handle communications surrounding the recently settled probe of the company by the SEC and New York attorney general Eliot Spitzer.
This week, Federated reached a $100 million settlement with Spitzer and the SEC. That event marked the culmination of a long investigation into so-called "market timing" allegations against some Federated units.
MWW CEO Michael Kempner said the agency was hired to manage and coordinate all of the investment management company's communications during the probe.
"We developed and executed communications to keep all key constituencies informed about the progress and issues of the SEC and attorney general investigations," said Kempner.
He added that the scope of MWW's work included communicating to employees, investors, trustees, media, analysts, and other stakeholders.