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Chicago Board of Trade
Pimco fires fund manager after exchange fines him for improper trades
Pimco fires fund manager after exchange fines him for improper trades

Pacific Investment Management Co. said it dismissed the money manager of two small funds after he was fined by a self-regulatory body for making improper trades. Rahul Seksaria, who ran two Pimco funds that offered inflation-protection strategies, last week was barred from trading for three months by CME Group Inc., the owner of the Chicago Board of Trade and other exchanges, for trades dating to 2012. The alleged profit was $2,675. Pimco disclosed his dismissal Tuesday. “Mr. Seksaria has been dismissed from the firm based on a violation of the firm’s policy regarding personal trading,” said Daniel Tarman, a Pimco spokesman. “While the amount involved in this...

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