Hedge Funds

More guilty pleas in Canary Capital probe


There were more guilty pleas in connection with the persisting Canary Capital mutual fund timing scandal as two executives of a Florida-based brokerage this week pleaded guilty to securities fraud charges, according to New York State Attorney General Eliot Spitzer

The two brokers Delano Sta and Lawrence Powell were based in Boca Raton, where they operated a private brokerage group Kaplan & Co. Securities, which had as one of its clients the hedge fund Canary Capital Partners, according to a civil complaint that was also filed against the brokers by the Securities and Exchange Commission.

Canary made headlines last year,