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At left, Eliot Spitzer, New York State Attorney General, speaks to William Galvin, Secretary of the Commonwealth of Massachusetts, center, and Paul Roye of The US Securities and Exchange Commission, before a hearing of the Senate Governmental Affairs Subcommitte on Financial Management, the Budget and International Security.  Sen. Pete Fitzgerald, R-Ill., charied the hearing on abuses being uncovered in the mutual fund industry.

At left, Eliot Spitzer, New York State Attorney General, speaks to William Galvin, Secretary of the Commonwealth of Massachusetts, center, and Paul Roye of The US Securities and Exchange Commission, before a hearing of the Senate Governmental Affairs Subcommitte on Financial Management, the Budget and International Security. Sen. Pete Fitzgerald, R-Ill., charied the hearing on abuses being uncovered in the mutual fund industry.

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