The Traderszone Network

Published in TZ Latest News 19 October, 2015 by The TZ Newswire Staff

SEC Seeks to Lower Money Manager Penalty After $10 Million Award

U.S. regulators said after persuading an appeals court to uphold a $10 million judgment against an ex- Jefferies Paragon Fund money manager convicted of insider trading that there’s no point trying to collect all that money because he’s too broke.