Bloomberg reports that Boston-based Wellington Management Company is the fifth money manager to have internal documents requested by the feds, though the request appears to have been over the phone as opposed to in person and by brute force. For any investors or otherwise connected people worrying right about now, put those fears to rest.
Wellington has personally checked out the records and determined no wrongdoing. So, shipshape.
Wellington said on an internal conference call yesterday that the firm is conducting a review of records, though it said it didn’t engage in illegal trading, according to the person, who asked not to be named because the firm is private. In a call today, Wellington officials disclosed the document request, without specifying what kind of information investigators are seeking, the person said.
Nothing to see here.