NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[Transat 5]

WASHINGTON, May 19 (Reuters) - Three hedge fund managers agreed to pay a total of about $2.4 million to settle charges of illegal short- selling in nearly two dozen offerings, the U.S. Securities and Exchange Commission said on Thursday.

The SEC said the three managers -- Galleon Management LP, Oaktree Capital Management LLC and DB Investment Managers Inc., a subsidiary of Deutsche Bank AG <DBKGn.DE> -- settled without admitting or denying any wrongdoing.

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There ya go SEC you can even make money actually enforcing your own rules too !