A court date to determine the dollar amount that Putnam must pay is fast approaching, but the two sides appear farther apart than ever, with the SEC looking for disgorgement and fines that could reach at least $800 million.

In a pre-hearing brief, Putnam said the Commission is seeking to possibly implement the largest combination of disgorgement and penalty, calling it an attempt to reach a headlines making number that lacks proportionality to the actual damage done.

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