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Alliance Suspends Tech Fund Manager

Firm takes action as part of investigation of market-timing.

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The mutual fund trading scandal spread to another major fund family on Tuesday.

 Alliance Capital (AC) issued a statement saying it suspended a mutual fund manager and an executive who sold hedge fund products for the firm due to "conflicts of interest in connection with certain market timing transactions."

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.