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	<title>Hedge Fund News From HedgeCo.Net &#187; civil-penalties</title>
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		<title>UPDATE: Bahamas/UK Hedge Funds Settle With SEC on Late Trading Scheme</title>
		<link>http://www.hedgeco.net/news/06/2009/bahamas-uk-hedge-funds-settle-with-sec-on-late-trading-scheme.html</link>
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		<pubDate>Tue, 30 Jun 2009 00:00:00 +0000</pubDate>
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		<category><![CDATA[market-timing]]></category>
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		<description><![CDATA[UPDATE: HedgeCo.net (West Palm Beach) &#8211; Najy N. Nasser, Chief Investment Officer of the Bahamas/UK based hedge funds, Headstart Advisers Limited (HAL) and Headstart Fund, has agreed with the SEC to pay $17.8 million in a settlement regarding a 2003 alleged late trading scheme. Without admitting or denying the allegations, the civil settlement includes payments [...]]]></description>
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		<title>New Jersey bars ex-Merrill brokers for market timing</title>
		<link>http://www.hedgeco.net/news/02/2009/new-jersey-bars-ex-merrill-brokers-for-market-timing.html</link>
		<comments>http://www.hedgeco.net/news/02/2009/new-jersey-bars-ex-merrill-brokers-for-market-timing.html#comments</comments>
		<pubDate>Tue, 03 Feb 2009 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<category><![CDATA[attorney general]]></category>
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		<category><![CDATA[tens of thousands]]></category>
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		<description><![CDATA[Forbes &#8211; New Jersey&#8217;s Bureau of Securities permanently barred three former Merrill Lynch brokers accused of helping a hedge fund make tens of thousands of improper trades in mutual funds. Christopher Chung, Kevin Brunnock and William Savino will collectively pay $1.15 million in civil penalties, under terms of an administrative consent order, according to a [...]]]></description>
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		<title>Shareholder Sues CSX, Hedge Funds Over Short-Swing</title>
		<link>http://www.hedgeco.net/news/10/2008/shareholder-sues-csx-hedge-funds-over-short-swing.html</link>
		<comments>http://www.hedgeco.net/news/10/2008/shareholder-sues-csx-hedge-funds-over-short-swing.html#comments</comments>
		<pubDate>Thu, 30 Oct 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Syndicated]]></category>
		<category><![CDATA[asset-management]]></category>
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		<description><![CDATA[CNNMoney.com &#8211; A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator&#8217;s board in a proxy fight earlier this year. The lawsuit, filed in U.S. District Court in Manhattan on Tuesday, is seeking recovery of so-called &#34;short-swing&#34; [...]]]></description>
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