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 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.