February 12, 2016
The U.S. Securities and Exchange Commission has reached a settlement with bankrupt British hedge fund Pentagon Capital Management over an alleged market-timing scheme, agreeing to not seek a civil penalty that was once set at $38 million before being cut by the Second Circuit.
April 02, 2012
Pentagon Capital Management PLC must pay a $98.6 million penalty in a U.S. Securities and Exchange Commission case alleging illegal late trading, despite the hedge fund manager's protest that the fine is too high, a New York federal judge ruled Wednesday.
March 21, 2012
Hedge fund manager Pentagon Capital Management PLC urged a judge Wednesday to reduce its $76.8 million penalty in a U.S. Securities and Exchange Commission case alleging illegal late trading, arguing that the penalty is disproportionately high.
February 14, 2012
A New York federal judge on Tuesday ordered Pentagon Capital Management PLC to pay $76.8 million after the U.S. Securities and Exchange Commission accused the British hedge fund of netting $62 million through a scheme to defraud U.S. mutual funds by illegal late trading.
November 15, 2010
A federal judge has rejected Pentagon Capital Management PLC's bid to force the U.S. Securities and Exchange Commission to turn over all exculpatory evidence in the regulator's suit accusing the Pentagon of reaping $62 million through a deceptive market-timing scheme.
October 11, 2010
A federal judge has ordered the U.S. Securities and Exchange Commission to produce the exhibits it relied on when questioning witnesses in the agency's investigation of hedge fund adviser Pentagon Capital Management PLC, which is accused of reaping $62 million through a deceptive market-timing scheme.
September 29, 2010
A judge has scheduled an early 2011 trial for the U.S. Securities and Exchange Commission’s case accusing hedge fund adviser Pentagon Capital Management PLC of reaping $62 million through a deceptive market-timing scheme.