{"id":63627,"date":"2018-05-09T00:29:43","date_gmt":"2018-05-09T04:29:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=63627"},"modified":"2018-05-11T01:01:56","modified_gmt":"2018-05-11T05:01:56","slug":"visium-will-pay-10-million-over-former-traders-misconduct","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2018\/visium-will-pay-10-million-over-former-traders-misconduct.html","title":{"rendered":"Visium Will Pay $10 Million Over Former Traders&#8217; Misconduct"},"content":{"rendered":"<p>(Bloomberg) Embattled hedge fund Visium Asset Management will pay more than $10 million to settle a U.S. regulator\u2019s allegations that it illegally profited from former traders\u2019 misconduct, likely closing a sweeping investigation that led to criminal charges against individuals and the collapse of the firm.   Visium\u2019s investment returns were inflated from July 2011 to December 2012 because two ex-credit traders relied on phony broker quotes to mismark bond prices, the U.S. Securities and Exchange Commission said in a Tuesday order. Steven Ku, Visium\u2019s former chief financial officer, also agreed to pay $100,000 to settle the agency\u2019s allegations that he failed to supervise the portfolio managers, Christopher Plaford and Stefan Lumiere.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-08\/visium-to-pay-more-than-10-million-over-ex-traders-misconduct\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Embattled hedge fund Visium Asset Management will pay more than $10 million to settle a U.S. regulator\u2019s allegations that it illegally profited from former traders\u2019 misconduct, likely closing a sweeping investigation that led to criminal charges against individuals and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63627","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63627","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=63627"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63627\/revisions"}],"predecessor-version":[{"id":63628,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/63627\/revisions\/63628"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=63627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=63627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=63627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}