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 Zurich Capital Settles In Hedge-Fund Inquiry - WSJ.com

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 Zurich Capital Settles In Hedge-Fund Inquiry

 By Siobhan Hughes

 
Word Count: 280

 |  Companies Featured in This Article: Zurich Financial Services

  Zurich Capital Markets will pay $16.8 million to settle allegations that it provided financing to hedge funds that engaged in improper mutual-fund trading and helped them hide the trades, federal regulators said.

  The Securities and Exchange Commission said that the firm will pay a $4 million penalty and give up $12.8 million in improperly earned profits. Zurich, ...

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