August 22, 2017 BY Valentina Kirilova

Hedge fund adviser charged for inadequate controls to prevent insider trading

The Securities and Exchange Commission (SEC) announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of inside information, including information about confidential government decisions. The case…

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