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Ex-Heartland GC Says Insider Trading Liability Claims Fail

By Megan Stride (February 12, 2013, 2:12 PM EST) -- An attorney for Heartland Advisors Inc.'s former general counsel and chief compliance officer told the Seventh Circuit on Tuesday that insider trading liability cannot be applied to mutual fund redemptions, and that the court should reverse a decision for the U.S. Securities and Exchange Commission saying otherwise....

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