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A hedge fund agreed to pay $40 million Wednesday to settle charges brought by New York Attorney General Eliot Spitzer that it had illegally profited in the after-hours trading of mutual fund shares. The five mutual fund companies whose shares Canary Capital Partners allegedly traded in after hours at the 4 p.m. closing price were Bank of America's Nations Funds, Banc One, Janus Capital Corp., Strong Capital Management and Security Corp. Trust Co.
September 04, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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