2011-07-12 — hedgefund.net
``Former hedge fund manager Forrest Fontana has to pay back almost $1 million to the government for a trading violation. The Securities and Exchange Commission announced Friday that Fontana, a one-time trader at Steven Cohen's SAC Capital Advisors, was ordered to pay back $816,184 in profits along with $168,606 in penalties, as the result of short selling financial stocks after participating in a public offering for those same stocks. ''
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