SEC files complaint against Chicago manager
Fri Feb 2, 2007
A Chicago hedge fund manager has been charged in a
fraudulent scheme to purchase variable annuity contracts with
the purpose of engaging in improper market timing.
John Fife, president of the now-defunct Clarion Management,
purchased annuity contracts from Lincoln National Life
Insurance through at least 17 accounts created with the purpose
of making more trades than the company normally allows,...
ISSN: 2151-1845 / CDC10004H
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