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Violation Tracker Individual Record

Company: Ritchie Capital Management, L.L.C. and Ritchie Capital Global Trading, Ltd.,
Penalty: $40,000,000
Year: 2008
Date: February 5, 2008
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: To resolve allegations about late trading of mutual fund shares, Ritchie Capital Management, L.L.C. and Ritchie Capital Global Trading, Ltd., agreed to pay $37.5 million in restitution, disgorgement and interest to affected mutual funds and $2.5 million in civil penalties. Ritchie Capital Management separately also agreed to adopt significant reforms and corrective measures to ensure future compliance with securities laws.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.