Advisor One – On Friday the SEC voluntarily dismissed civil insider trading claims against Chartwell Asset Management and, in a separate case, charged a hedge fund manager tied to the Galleon with insider trading.
Chartwell Asset Management Service saw the SEC drop all allegations against it that the agency had filed in July 2011, when it had alleged that Chartwell placed trades on the basis of inside information about Lonza Group’s acquisition of Arch Chemicals.
