The firm at the heart of federal allegations of insider trading on government information on changing Medicare rates has agreed to a $4.6 million settlement with the U.S. Securities and Exchange Commission.
August 22, 2017 at 04:03 PM
1 minute read
The firm at the heart of federal allegations of insider trading on government information on changing Medicare rates has agreed to a $4.6 million settlement with the U.S. Securities and Exchange Commission.
Deerfield Management Co. failed to put in place procedures and policies to adequately prevent insider trading practices at the hedge fund advisory firm, the SEC said.
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