{"id":4561,"date":"2008-02-05T10:02:33","date_gmt":"2008-02-05T10:02:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/02\/heartland_advisors_inc_settles"},"modified":"2022-03-25T14:52:24","modified_gmt":"2022-03-25T19:52:24","slug":"heartland-advisors-inc-settles","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/heartland-advisors-inc-settles\/","title":{"rendered":"Heartland Advisors Inc. Settles SEC Charges for $3.9 Million"},"content":{"rendered":"

\t\t\t\tHeartland Advisors Inc. and several of the investment adviser’s employees have agreed to pay $3.9 Million to settle Securities and Exchange Commission charges that they allegedly violated the Federal Securities Act.<\/p>\n

The SEC case stems from incidents that allegedly took place from March through October 2000, when Heartland “negligently mispriced certain bonds owned by two high-yield municipal bond funds.” Because the funds were mispriced during that time period, net asset values for the funds were incorrect and so were the prices for funds’ shares. <\/p>\n

Redeeming investors therefore benefited at the expense of new and remaining investors when investors bought and redeemed fund shares at these incorrect prices.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Heartland Advisors Inc. and several of the investment adviser’s employees have agreed to pay $3.9 Million to settle Securities and Exchange Commission charges that they allegedly violated the Federal Securities Act. The SEC case stems from incidents that allegedly took place from March through October 2000, when Heartland “negligently mispriced certain bonds owned by two […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801],"tags":[],"class_list":["post-4561","post","type-post","status-publish","format-standard","hentry","category-sec"],"yoast_head":"\nHeartland Advisors Inc. 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