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What were the allegations against RS Investments?

April 26, 2017allegations investments Rs

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What were the allegations against RS Investments?

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The allegations against RS Investment Management Inc., RS Investment Management, L.P., G. Randall Hecht and Steven M. Cohen involved issues related to excessive short-term trading that took place in the RS mutual funds and were inconsistent with the terms of the funds prospectuses. The results were potentially harmful to the funds and to the detriment of long-term investors. The specific allegations against RS Investment Management Inc., RS Investment Management, L.P., G. Randall Hecht and Steven M. Cohen, can be found in the SEC Order posted on the SEC website.