{"id":7750,"date":"2008-05-20T00:00:00","date_gmt":"2008-05-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"burlington-hedge-fund-agrees-to-pay-1m-fine","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/burlington-hedge-fund-agrees-to-pay-1m-fine.html","title":{"rendered":"Burlington hedge fund agrees to pay $1M fine"},"content":{"rendered":"<p>The Lowell Sun &#8211; A Burlington hedge fund and its former manager have agreed to pay more than $1 million for trading on inside information surrounding the Citizen Bank&#8217;s $10.5 billion purchase of Chapter One. <\/p>\n<p>Federal regulators from the U.S. Securities and Exchange Commission announced a settlement with Global Time Capital Management and former chief Michael Tom, of Waltham, over trades made about six days before the 2004 Citizens Bank deal with Charter One. <\/p>\n<p>Tom has agreed to surrender $801,000 in profits, penalties and interest, while Global time Capital and its GTC Growth Fund will pay an additional $252,000.<\/p>\n<p><a href=\"http:\/\/www.lowellsun.com\/local\/ci_9319935\" target=\"_self\">Read Complete Article<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lowell Sun &#8211; A Burlington hedge fund and its former manager have agreed to pay more than $1 million for trading on inside information surrounding the Citizen Bank&#8217;s $10.5 billion purchase of Chapter One. Federal regulators from the U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,4],"tags":[171,168,44,170,20,34,173,169,172],"class_list":["post-7750","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-syndicated","tag-gaap","tag-illegal-profits","tag-invoices","tag-money-managers","tag-new-marketplace","tag-news-press","tag-strategist","tag-time-capital","tag-ty"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7750","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=7750"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7750\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}