Violation Tracker Individual Record
Company:Fred Alger Management, Inc.
Date:January 18, 2007
Primary Offense:investor protection violation
Secondary Offense:securities issuance or trading violation
Fred Alger Management, Inc. and Fred Alger & Company agreed to pay $40 million to settle allegations that the companies allowed market timing and late trading in the Alger Fund.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:New York
Ownership Structure of Parent:privately held
Major Industry of Parent:financial services
Specific Industry of Parent:investment management
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