Standard Chartered’s Hong Kong division has agreed to reimburse $320,000 to 1,000 investors who were allegedly disadvantaged by the firm’s permitting Stone Castle, a Millennium Partners subsidiary, to market time 24 mutual funds managed by ACM Funds and Scudder Global Opportunities Funds.

Standard Chartered reached the settlement with the Hong Kong Securities and Futures Commission without admitting to guilt. The Commission said Standard Chartered gave Stone Castle same-day pricing.

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