Thursday, 30 July 2015
Last updated 11 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…