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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Demands $198 Million From Hedge Fund

MANHATTAN (CN) - Najy Nasser and his British hedge fund, Headstart Advisers, made $198 million through illegal late trading and market timing, the SEC claims in Federal Court. The SEC demands disgorgement and penalties for the ill-gotten gains Nasser allegedly made from 1998 through 2003.

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