Company Name: Alger
Problem Type: Fund Scandal		12b-1: 0.38% OER: 2.26%
Date/Problem:	Publicity Source:	Status-Ongoing Resolution:	Fund Police Opinion:
6/15/2006 The company paid $45 million in reimbursements, fines and fee reductions to settle charges that it allowed certain investors to improperly market time its mutual funds.	Money Management Executive	The company settled with the SEC and New York Attorney General Eliot Spitzer.	This company has its own space in the newspaper for getting into trouble frequently. Kick these bums to the curb!
5/1/2005 Accusations of the company include late trading, and market-timing. Additionally, the former head of fund sales obstructed the investigation.	Morningstar FundInvestor	Not yet settled.	HUGE conflicts of interest exist at many large firms. Never trust a company who is willing to break the law in order to stay out of the news.
2/1/2005 The company was accused of allowing market timing and late trading.	Morningstar FundInvestor	Former head of fund sales obstructed investigations. That person has plead guilty but the company has not yet been charged.	What was the executive trying to hide?
8/13/2004 Allowed Conseco to market time in its funds. Conseco also market timed Van Eck funds.	Wall Street Journal	Pending	Alger has historically had too many conflicts of interest and charges above average fees.
8/1/2004 Allegations of marketing-timing and late-trading. Vice chairman tampered with evidence in trading probe.	Kiplinger	James Connelly Jr. (Vice-chairman) sentenced to 1-3 yrs in prison. Three other executives fired. Company outlawed rapid trading and hired Exec to supervise compliance issues.	Alger has historically had too many conflicts of interest and charges above average fees.
6/1/2004 Allegation of market-timing and late-trading. Head of fund obstructed investigation.	Morningstar FundInvestor	Additional notice in the news.	Alger has historically had too many conflicts of interest and charges above average fees.
2/1/2004 Allegations of marketing-timing and late-trading. Vice chairman tampered with evidence in trading probe.	Morningstar FundInvestor	Former head of fund sales obstructed investigations. That person has plead guilty but the company has not yet been charged.	Alger has historically had too many conflicts of interest and charges above average fees.
2/1/2004 Smart Money magazine analyzed nine fund families and their tainted funds. They found that even before the mutual fund scandal began, these funds were underperforming and unimpressive.	Smart Money Magazine	Simply the news!	Alger has historically had too many conflicts of interest and charges above average fees.
2/1/2004 Former executive charged for market-timing was sentenced for 1-3 years and fined $400K.	Money Magazine	Additional notice in the news.	Alger has historically had too many conflicts of interest and charges above average fees.
1/1/2004 Vice Chairman is sent to jail for tampering with evidence related to later trading and market timing. First fund company executive to be jailed.	Morningstar FundInvestor	James Connelly Jr. (Vice-chairman) sentenced to 1-3 yrs in prison.	Alger has historically had too many conflicts of interest and charges above average fees.
11/4/2003 Three marketing employees fired because they allowed a hedge fund client to late-trade and market-time mutual funds.	Wall Street Journal	Alger is continuing to review fund-sale practices internally.	Alger has historically had too many conflicts of interest and charges above average fees.