Fund manager Virtus to pay $16.5 million to settle false-performance charges
November 16, 2015 at 12:25 PM EST
NEW YORK, Nov 16 (Reuters) - Virtus Investment Advisers, a top mutual fund manager, will pay $16.5 million to settle charges it used false performance claims to boost an investment strategy using exchange-traded funds, the U.S. Securities and Exchange Commission said on Monday.