There was no place of refuge for tainted mutual fund shop Pilgrim Baxter & Associates, as the company last Monday agreed to a $100 million settlement with regulators for engaging in abusive trading practices.

Under the terms of the deal, a joint effort by the Securities and Exchange Commission and New York Attorney General Eliot Spitzer, Pilgrim Baxter must reimburse harmed investors to the tune of $40 million and pay an additional $50 million in fines.

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