Proposed “Fair Fund” for CR Intrinsic Case Stirs Dustup among SEC’s Commissioners | Cady Bar the Door

 … Here, a trader who bought shares in the two pharmaceutical companies at issue would either be a victim or not a victim based on who the counter-party was on particular days – in faceless, electronic transactions.  If they were lucky enough to have been matched with CR Intrinsic, they win a piece of the fair fund.  If not, they lose.

via Proposed “Fair Fund” for CR Intrinsic Case Stirs Dustup among SEC’s Commissioners | Cady Bar the Door