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Hedge Fund Pays To Quell Rule-Breaking Claims

By Sam Schulz ( June 27, 2007, 12:00 AM EDT) -- In preparation for its acquisition by a U.S. company, London-based GLG Partners LP agreed Tuesday to fork over $3.2 million as part of a settled civil suit and cease-and-desist order filed by the Securities and Exchange Commission for allegedly shorting stocks in violation of the rule that the Commission just voted to strengthen....

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