GLG settles short-selling case with SEC

Fri Jun 29, 2007

The U.S. Securities and Exchange Commission on Tuesday announced that it has reached a settlement agreement with London-based hedge fund firm GLG Partners in connection with allegations of illegal short selling. The announcement came one day after GLG announced a deal that would take it public in the United States.

GLG, which has $20 billion in gross assets, agreed to pay more than $3.2...

ISSN: 2151-1845 / CDC10004H

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