So, when Strong's compliance officer told him his rapid trading of his own funds was against the rules, Strong told him to take a hike. The $1.4 million he made from hundreds of trades, however, would cost him about $1 billion as regulators forced Strong to sell his firm to Wells Fargo WFC for half the price he had been offered a year earlier. The firm also allowed hedge funds to do market-timing, but Strong's reckless behavior was the firm's demise.