SEC to Hedge Funds: File On Time — or Face Trouble

The Securities and Exchange Commission charged 28 individuals or firms, including half a dozen hedge funds, with breaking the law for failing to make ownership disclosures in a timely way.

At least six hedge fund firms — including one linked to the government’s insider trading case against several former traders at SAC Capital Advisors — are among 28 investors or individuals the Securities and Exchange Commission charged on Wednesday with breaking securities laws for failing to make certain required regulatory filings on a timely basis.

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