With the help of the U.S. Secret Service, the Securities and Exchange Commission has brought forth charges against four hedge fund managers from Boston-based Global Time Capital Management for insider trading on the $10.5 billion acquisition of Charter One by Royal Bank of Scotland.

Michael Tom, David Tom, Shengnan Wang and Hai Liu were the individuals specifically involved with insider trading. Wang and Liu invested $60,000 into a hedge fund that was being run by Tom.

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