“SEC Chair Scolds Hedge Fund Lawyers”

“‘Think how much anguish we could have avoided if a few more lawyers had pointed out to their hedge fund clients that late trading of mutual fund shares is illegal, as are duplicitous market-timing arrangements,’ [Securities and Exchange Commission chair William] Donaldson told securities lawyers at the Practising Law Institute’s annual SEC Speaks conference.” (Ron […]

“‘Think how much anguish we could have avoided if a few more lawyers had pointed out to their hedge fund clients that late trading of mutual fund shares is illegal, as are duplicitous market-timing arrangements,’ [Securities and Exchange Commission chair William] Donaldson told securities lawyers at the Practising Law Institute’s annual SEC Speaks conference.” (Ron Orol and Donna Block, The Deal, Mar. 8).

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