Former head of Canary Capital Partners Edward Stern testified Friday in the criminal trial over the mutual fund trading of former Bank of America broker Theodore Sihpol The Wall Street Journal reports.

During his much-anticipated testimony, Stern said he was uncomfortable putting anything in writing regarding the arrangement his hedge fund had with the bank to trade after the close. He also told the court that he never expressed those concerns to Sihpol nor did he believe that Sihpol had a comprehensive understanding of how mutual fund shares were traded.

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