SEC accuses former Schroders portfolio manager of fraud

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The US Securities and Exchange Commission has accused a former Schroders Investment Management North America portfolio manager of using confidential information to encourage his family members to offload their shares in funds he managed.

In a filing this week, the SEC alleged David Baldt, former portfolio manager of the Schroder Municipal Bond Fund and the Schroder Short-Term Municipal Bond Fund told family members to sell their ho...

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