A privately owned hedge fund sponsor, Ritchie Capital Management LLC will pay round $40 million in order to settle mutual-fund timing charges.
The firm was proved to participate in an illegal late-trading scheme from January 2001 through September 2003. It was allegedly placing late trades in shares of mutual funds and making a profit of roughly $30 million.
In addition to the fine totaling $30 million, the firm will also pay prejudgment interest of about $7.4 million and civil penalties of $2.5 million, while Warren DeMaio, supervisor of fund trading at Ritchie Capital, will pay $250,000 in civil penalties.
Russian Foreign Minister Sergei Lavrov stated that Vladimir Putin and Donald Trump, as well as the military of the two countries, will never let a military confrontation spark, but...
An attack is under way against the truth-seeking social media practising data democracy. What is unacceptable is that the liars accuse the truthseekers of lying
On April 20, Russian Foreign Minister Sergei Lavrov confirmed that Russia could supply air defense systems to Syria