The SEC fined hedge fund manager Ken Griffin’s fund Citadel a record $22.6 million.
The SEC fined billionaire hedge fund manager Ken Griffin‘s company a record $22.6 million — or, to put that into perspective, perhaps 40 percent of what Griffin spent on art last year.
The billionaire donated $40 million to MoMA in 2015, and the fine’s a trifle compared to the value of his trophy homes in New York, Miami, Aspen, Colo., and Chicago.
In papers filed during his divorce from Anne Dias-Griffin, it was claimed that Ken makes $100 million a month — meaning he could personally pay off the fine after six days’ work.
The SEC imposed the fine — less a slap on the wrist than a tickle under the chin — after alleging Citadel Securities (a branch of Griffin’s Citadel finance empire) made “misleading statements” on how it prices its trades.
Hedge fund Citadel has not admitted any wrongdoing.