May 8, 2018 / 2:52 PM / 5 months ago

BRIEF-U.S. SEC Says Visium Asset Management Charged For Asset Mismarking And Insider Trading

May 8 (Reuters) - U.S. SECURITIES AND EXCHANGE COMMISSION -

* HEDGE FUND FIRM VISIUM ASSET MANAGEMENT CHARGED FOR ASSET MISMARKING AND INSIDER TRADING

* VISIUM AGREED TO SETTLE CHARGES RELATED TO ASSET MISMARKING, INSIDER TRADING BY ITS PRIVATELY MANAGED HEDGE FUNDS AND PORTFOLIO MANAGERS

* VISIUM’S CFO AGREED TO SETTLE CHARGES THAT HE FAILED TO RESPOND APPROPRIATELY TO RED FLAGS THAT SHOULD HAVE ALERTED HIM TO ASSET MISMARKING

* VISIUM AGREED TO SETTLE CHARGES BY DISGORGING ILLICIT PROFITS OF MORE THAN $4.7 MILLION PLUS INTEREST OF $720,711, PAYING PENALTY OF MORE THAN $4.7 MILLION

* VISIUM CFO STEVEN KU AGREED TO PAY $100,000 PENALTY AND TO BE SUSPENDED FROM THE SECURITIES INDUSTRY FOR TWELVE MONTHS Source text - bit.ly/2I0wwAO

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