{"id":7099,"date":"2008-02-06T00:00:00","date_gmt":"2008-02-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chicago-hedge-fund-settles-late-trading-charges","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2008\/chicago-hedge-fund-settles-late-trading-charges.html","title":{"rendered":"Chicago hedge fund settles late trading charges"},"content":{"rendered":"<p>Reuters-&nbsp;A Chicago-area hedge fund, its investment adviser, chief executive and two employees have agreed to pay $40 million to settle charges that they were involved in an illegal late-trading scheme, authorities said on Tuesday. <\/p>\n<p>The U.S. Securities and Exchange Commission, which conducted the probe along with the New York attorney general&#8217;s office, said it charged Ritchie Multi-Strategy Global Trading Ltd and its Chicago-based adviser, Ritchie Capital Management LLC, as well as Ritchie Capital&#8217;s founder and CEO, A.R. Thane Ritchie, and employees Warren DeMaio and Michael Mauriello, in the case. <\/p>\n<p>The settlement is the latest in a series of similar agreements with mutual fund companies, brokerages and hedge funds stemming from charges of trading abuses in the mutual fund industry. <\/p>\n<p><a href=\"http:\/\/today.reuters.com\/news\/articleinvesting.aspx?type=comktnews&#038;storyID=2008-02-05T200233Z_01_N05172716_RTRIDST_0_SEC-HEDGEFUND-UPDATE-3.XML\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters-&nbsp;A Chicago-area hedge fund, its investment adviser, chief executive and two employees have agreed to pay $40 million to settle charges that they were involved in an illegal late-trading scheme, authorities said on Tuesday. The U.S. Securities and Exchange Commission, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7099","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7099"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7099\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}