1. Pershing Square, Nine Others Hit With SEC ‘Pay to Play’ Violations

    Pershing Square, Nine Others Hit With SEC ‘Pay to Play’ Violations

    WASHINGTON (Reuters) – Billionaire investor Bill Ackman’s hedge fund paid $75,000 to settle civil “pay-to-play” charges with the Securities and Exchange Commission after running afoul of campaign contribution and money management rules. Pershing Square Capital Management, which invests roughly $11.6 billion for a number of state pension funds and wealthy ...

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