Violation Tracker Individual Record

Company: 
Ritchie Multi-Strategy Global Trading Ltd. and Ritchie Capital Management LLC
Penalty: 
$39,900,000
Year: 
2008
Date: 
February 5, 2008
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

Hedge fund Ritchie Multi-Strategy Global Trading Ltd. and its Chicago-based adviser Ritchie Capital Management LLC agreed to pay approximately $40 million to settle allegations that they engaged in an illegal late trading scheme.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.