Hedge fund Beacon Hill Asset Management and four of its top executives settled with the Securities and Exchange Commission for $4.4 million stemming from fraud charges, the Commission announced.

In addition, the four executives have been barred from the investment advisory business. The principals – President John Barry, CIO Thomas Daniels, Senior Portfolio Manager John Irwin and Chief Financial Officer Mark Miszkiewicz – will pay, respectively, $1.2 million, $1.5 million, $750,000 and $400,000. Only Miszkiewicz will have the opportunity to ever be reinstated into the business, but he will not be allowed to reapply for four years.

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