Summary
WASHINGTON (Reuters) - Hedge fund GLG Partners agreed to pay more than $3.2 million in fines after the Securities and Exchange Commission found it had earned $2.2 million in illegal profits, the agency said on Tuesday [June 26].
The settlement comes less than two days after GLG Partners, one of Europe's biggest hedge funds with $12 billion in assets, said it plans to go public in the United States.See the full content of this document
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Glg to Pay $3.2 Million in Sec Settlement
Regulators said the firm engaged in manipulative short-selling that helped earn it ...
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