SEC to charge firm founded by ex-Goldman partner

Hedge fund Perry Capital set up a swap with Bear Stearns and Goldman Sachs to give it control of about 10 percent of Mylan Lab's voting stock--with limited exposure to changes in Mylan's share price. That made Perry the largest shareholder and could have influenced the vote for a deal opposed by another fund. The Securities and Exchange Commission did not look kindly on the dealings. It issued a Wells notice.

> Here's a New York Times article.