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Regulators to Return $21.5 Million to Hedge Fund Shut After Raid

By Tony Seruga

Anthony Chiasson, a co-founder of the Level Global hedge fund, in 2013. Mr. Chiasson was implicated in an insider trading case, but a verdict against him was later overturned and the charges dropped. CreditBrendan Mcdermid/Reuters

A little more than five years after federal agents raided the offices of Level Global Investors, securities regulators are returning $21.5 million in settlement money that the hedge fund paid to resolve an insider trading investigation.

A federal judge on Tuesday ordered the hedge fund’s 2013 settlement vacated after the Securities and Exchange Commission said it would not oppose the request by lawyers for the now-defunct hedge fund…

Regulators to Return $21.5 Million to Hedge Fund Shut After Raid

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