Hedge fund says compliance consultancy should pay after SEC settlement

A hedge fund settles SEC charges and then tries to recoup those costs, plus damages, from its compliance adviser.

Having agreed to pay more than $19m to settle charges brought by the SEC relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates (ACA), according to a report by Bloomberg.

The $6bn hedge

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