SEC wading through e-mails in mutual fund probe

SEC examiners have begun reviewing e-mails of mutual fund executives, as well as personal trading records of fund executives, said Lori Richards, director of the office of compliance inspections and examinations. The agency is looking for possible abuses that might not be reflected in the books and records kept by mutual fund firms, Ms. Richards testified today before members of the Senate Banking, Housing and Urban Affairs Committee.