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Chatham Asset Management, founder to pay over $19.3 million to settle US SEC charges of improper fixed income securities trading

( April 3, 2023, 19:24 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission has charged investment advisor firm Chatham Asset Management and its founder, Anthony Melchiorre, with improper trading of certain fixed income securities. The SEC found that "Chatham’s trading in [American Media, Inc.] bonds had the effect of increasing the prices of those generally illiquid securities in a way that was disconnected from economic reality," said Sanjay Wadhwa, deputy director of the SEC's Division of Enforcement. Chatham and Melchiorre will pay more than $19.3 million to settle the charges.Statement follows below:...

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