Tag Archives: civil-penalties


UPDATE: Bahamas/UK Hedge Funds Settle With SEC on Late Trading Scheme

June 30, 2009 : Permalink

UPDATE: HedgeCo.net (West Palm Beach) – Najy N. Nasser, Chief Investment Officer of the Bahamas/UK based hedge funds, Headstart Advisers Limited (HAL) and Headstart Fund, has agreed with the SEC to pay $17.8 million in a settlement regarding a 2003 […]

New Jersey bars ex-Merrill brokers for market timing

February 3, 2009 : Permalink

Forbes – New Jersey’s Bureau of Securities permanently barred three former Merrill Lynch brokers accused of helping a hedge fund make tens of thousands of improper trades in mutual funds. Christopher Chung, Kevin Brunnock and William Savino will collectively pay […]

Shareholder Sues CSX, Hedge Funds Over Short-Swing

October 30, 2008 : Permalink

CNNMoney.com – A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator’s board in a proxy fight earlier this year. The lawsuit, […]