Updated Thursday, April 17, 2014 as of 12:16 PM ET

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Gabelli Officials Win U.S. High Court Ruling Over Fraud Suit

Greg Stohr

The justices unanimously ruled in favor of two Gabelli Funds LLC officials seeking to block SEC claims that they improperly let a client engage in market timing, a practice of making frequent, short-term trades at the expense of other investors. They contend the SEC missed the five-year deadline to file the lawsuit.

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