{"id":10921,"date":"2009-06-30T00:00:00","date_gmt":"2009-06-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"uk-fund-manager-settles-us-market-timing-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/uk-fund-manager-settles-us-market-timing-case.html","title":{"rendered":"UK fund manager settles US market-timing case"},"content":{"rendered":"<p>Houston Chronicle &#8211; A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators&#8217; allegations that one of its funds defrauded U.S. mutual funds and investors through trading practices such as market-timing.     <\/p>\n<p>The Securities and Exchange Commission and Headstart Advisers Ltd. on Monday separately announced a settlement in which the firm neither admitted nor denied allegations covering the period September 1998 through September 2003.<\/p>\n<p>Headstart Fund Ltd., a hedge fund that had been incorporated in the Bahamas and is now defunct, will pay a $17 million penalty to resolve a complaint the SEC brought in April 2008. London-based Headstart Advisers will pay an additional $200,000, and Chief Investment Officer Najy N. Nasser will pay $600,000. The firm and Nasser are also barred from future violations of antifraud provisions of U.S. securities laws.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.chron.com\/disp\/story.mpl\/ap\/business\/6503269.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Houston Chronicle &#8211; A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators&#8217; allegations that one of its funds defrauded U.S. mutual funds and investors through trading practices such [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[572,7587,1742,13630,37,40,4504,3364,829,4710,13631,6757,45,35,21,2746],"class_list":["post-10921","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-allegations","tag-bahamas","tag-chief-investment-officer","tag-headstart","tag-hedge-fund-manager","tag-houston-chronicle","tag-investors","tag-london","tag-market-timing","tag-mutual-funds","tag-nasser","tag-provisions","tag-regulators","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-securities-laws"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10921"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10921\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}