SEC levies $100m fine on Lewis Chester (Fund News)
A US court set the penalty, the highest imposed by US regulators on a foreign citizen,
last week on Lewis Chester and his firm Pentagon Capital Management for defrauding US mutual funds of tens of millions of dollars between 1999 and 2003.
Ex Front Point manager ordered to pay $10.2m to Morgan Stanley (Fund News)
An former hedge fund manager was ordered to pay $10.2m to Morgan Stanley Inc. after he admitted last year to insider trading at FrontPoint Partners, a hedge fund previously owned by the Wall Street firm, a judge has ruled.