Eliot Spitzer, New York State's attorney general, is at it again. Like Batman out to save a sordid Gotham City, he continues to pursue and torment the professional investment community, vowing to end everything from fraud to conflicts of interest that affect investors. Now, he's taking on the mutual-fund industry. On Sept. 3, in an energy-infused press conference, Spitzer said "illegal trading schemes" allowed at least one hedge fund to buy mutual-fund shares at prices that were not available to most other investors. The attorney general announced a $40 million settlement with the hedge fund, Canary Capital Partners LLC, and its managing principal, Edward J. Stern. Stern, the son of real estate magnate and billionaire philanthropist Leonard Stern, did not admit or deny wrongdoing. Spitzer continues to probe mutual funds on the other side of its trades. "It's the first shock to the fund industry in 60-some years," says John Collins, a spokesman for the Investment Company Institute, a Washington (D.C). fund industry trade group. "If these charges prove true, there has been a breach of law that cuts close to the heart of what protects all mutual-fund shareholders."
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机译：纽约州总检察长埃利奥特·斯皮策（Eliot Spitzer）再次出席。就像蝙蝠侠为了拯救肮脏的哥谭市一样，他继续追求和折磨专业投资界，誓言结束一切事情，从欺诈到影响投资者的利益冲突。现在，他正在从事共同基金行业。斯皮策在9月3日的一次充满活力的新闻发布会上说，“非法交易计划”允许至少一个对冲基金以大多数其他投资者无法获得的价格购买共同基金股票。司法部长宣布与对冲基金Canary Capital Partners LLC及其管理负责人Edward J. Stern达成4000万美元的和解协议。斯特恩是房地产大亨和亿万富翁慈善家伦纳德·斯特恩（Leonard Stern）的儿子，他没有承认或否认有不法行为。 Spitzer继续在交易的另一端探索共同基金。华盛顿投资公司协会（Investment Company Institute）发言人约翰·柯林斯（John Collins）说：“这是60年来对基金业的第一次冲击。”基金行业贸易集团。 “如果这些指控被证明是正确的，那就是违反了保护所有共同基金股东利益的法律。”
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