Gartmore fined $1.35m for breaching SEC rules

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Gartmore has been censured and fined $1.35m by the SEC for breaking its short-selling rules.

The asset manager was yesterday ordered to pay a civil money penalty of $375,000, disgorgement of $928,117 and prejudgement interest of $44,134, a fine totaling $1.347m. It must pay the fine within...

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