AXA Rosenberg settles with SEC over coding error

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AXA Rosenberg Group, AXA Rosenberg Investment Management and the Barr Rosenberg Research Center have agreed to pay a total of $242m (£150m) to settle SEC charges after concealing a coding error from investors.

The Securities and Exchange Commission said yesterday the firms would pay charges of $217m to clients and a $25m penalty. The SEC said in a statement yesterday senior management at ARIM and BRRC le...

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