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Search Results: unauthorized trading
Results 70-80 of about 95
Date: September 22, 2012
(BAC) unit, to pay $3.6 million to a Brazilian heiress who contends that she lost millions of dollars because of unauthorized trades that her brother made in her account. ... Sophin contended that Merrill allowed Camelia’s brother, Ezequiel Nasser, to ...
Date: August 18, 2012
Court of Appeals for the Seventh Circuit is rejecting the appeal filed by stockbroker Kevin Wells, who was found liable for making unauthorized trades of Cyberonics Inc. ... Per the court, Wehrs sued Wells after the alleged unauthorized trades occurred ...
Date: August 7, 2012
He contends that even though he always received excellent job evaluations during the six years he worked for Morgan Stanley, he was terminated as an employee 10 days after he told supervisors that unless the financial firm started reporting unauthorized ...
Date: March 29, 2012
Subsidiary Ceres Managed Futures LLC, the funds’ manager, had placed assets with outside trading advisers. ... Morgan Stanley Settles MBIA Suits, Will Take $1.8B Hit , Forbes, December 13, 2011 Morgan Stanley Brokerage Managed-Futures Funds Lose 9.5% , Bloomberg/Businessweek, March ...
Date: March 26, 2012
We represent both institutional and individual investors that have sustained losses because of inadequate supervision, misrepresentations and omissions, overconcentration, unsuitability, failure to execute trades, churning, breach of contract, breach of promise, negligence, breach of fiduciary duty, margin account abuse, unauthorized ...
Date: March 20, 2012
According to The Washington Post, prior to joining the military, Bales and MPI, the financial firm that he worked for, were ordered by the Financial Industry Regulatory Authority to pay a $1.4 million securities settlement (compensation and punitive damages), for ...
Date: September 23, 2011
UBS is also investigating this trading loss but says that no client positions have been impacted. ... Adoboli’s arrest for “suspicion of fraud by abuse of position” is bringing up questions about UBS’s risk management systems, which are supposed to ...
Date: August 16, 2011
Moon also allegedly forged signatures, changed account documents, opened accounts with deceased clients’ social security numbers, created bogus letters of authorization, revised customer addresses, and made unauthorized trades.
Date: July 29, 2011
Other examples of broker misconduct that could be grounds for a Houston securities fraud case include unsuitability, omissions and misrepresentations, churning, overconcentration, failure to execute trades, breach of promise, breach of contract, failure to supervise, breach of fiduciary duty, margin ...
Date: July 19, 2011
Jennifer Kim, an ex- Morgan Stanley (MS) trader, has consented to a $25,000 settlement to resolve SEC allegations that she hid proprietary trades that that went above and beyond the financial firm’s risk limits. ... This alleged maneuvering allowed them ...
