A.G. Edwards Under SEC Scrutiny

Investment bank and brokerage A.G. Edwards Inc. said Wednesday that federal, state and industry regulators were seeking information relating to its mutual fund transactions.

The company said it had received information requests from the Securities and Exchange Commission and the National Assn. of Securities Dealers, a securities industry regulator, relating to market-timing and late-trading issues.

The SEC also has examined some company branch offices, St. Louis, Mo.-based A.G. Edwards said in a quarterly financial report filed with the SEC.

Massachusetts and Illinois also have issued subpoenas seeking information relating to mutual fund transactions, the firm said.

A.G. Edwards is the latest in a growing list of firms under examination by federal and state regulators in the scandal involving improper trading in the $7-trillion mutual fund industry.