|
|
Article: Spitzer Busts Broker at Trautman Wasserman for Hedge Fund's Late Trading.(New York Attorney General Eliot Spitzer )(Brief Article)
- Article from:
- Money Management Executive
- Article date:
- July 18, 2005
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Scott A. Christian, a broker at the New York investment management firm Trautman Wasserman and Co. has pleaded guilty to charges of illegal late trading in mutual funds, the office of New York Attorney General Eliot Spitzer announced.
The Securities and Exchange Commission has also filed a civil injunction against Christian, alleging that the 29-year-old executed "tens of thousands of late trades for hedge fund customers and engaged in deceptive conduct to evade restrictions that mutual fund companies sought to place on his customers' frequent, short-term trading of mutual fund shares." The SEC also accuses Christian of creating false records to conceal the late ...