Prudential settles fund probe, to pay $600 million (Reuters)

WASHINGTON (Reuters) - The brokerage unit of Prudential Financial Inc. (NYSE: PRU - news ) has agreed to pay $600 million to settle investigations of improper mutual fund trading, avoiding criminal prosecution. Prudential Equity Group admitted to "criminal wrongdoing" in connection with deceptive trading between 1999 and 2003 as part of the pact that also resolves probes by the Securities and Exchange Commission " /> SEARCH News | News Photos | Images | Web " /> Securities and Exchange Commission ...