SAN FRANCISCO (MarketWatch) – Millennium Partners LP, a $5 billion hedge-fund firm run by Israel Englander, is in talks with New York Attorney General Eliot Spitzer and the Securities and Exchange Commission about settling securities-fraud charges, the Wall Street Journal reported on Thursday.
The New York-based company could pay more than $100 million to settle charges that it traded mutual funds between 2000 and 2003 at improper prices after the close of trading, as well as charges that the firm tried to disguise its identity to help it trade the funds rapidly, the newspaper said, citing an unidentified person close to the talks.
