As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 19 hours ago
Jul 11 2012 | 12:29pm ET
Hedge fund SCO Capital Partners can't have the nearly $180 million it sought from Jefferies & Co. in a dispute over auction-rate securities.
SCO had accused Jefferies of negligence in selling it securities it deemed unsuitable. The hedge fund had asked a Financial Industry Regulatory Authority panel to force the bank to buy back the $18 million in ARS in question—and to force it to pay some $160 million in damages.
The FINRA arbitration panel did not explain its decision.