The U.S. Securities and Exchange Commission is asking financial firms for information on how they market “principal-protected” notes,” Bloomberg reported on Friday, citing people familiar with the matter. Principal-protected notes, complex securities marketed as carrying a money-back guarantee, have started to make a comeback lately after losing much of their luster when Lehman Brothers collapsed in 2008.
Posts Tagged ‘Chase Co’
SEC To Review Marketing of Principal Protected Products
July 6th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bank Of America, Bank Of America Corp, Barclays, Barclays Plc, Bloomberg, Chase Co, Citigroup Inc, Financial Industry Regulatory Authority, Hsbc Holdings, Hsbc Holdings Plc, Initial Outlay, Jpmorgan Chase, Lehman Brothers, Luster, Money Back Guarantee, Principal Protected Notes, Promotional Materials, Regulatory Agency, Securities And Exchange Commission, Securities Industry 
Comments OffEx-Investment Banker Charged With Insider Trading
March 15th, 2010 Before You Invest (Bloomberg) — Christian Littlewood, a former banker at Shore Capital Group Plc and Commerzbank AG’s Dresdner Kleinwort, and his wife have been charged with insider trading by the U.K. financial regulator.Littlewood, faces 13 counts of insider trading with his wife, Angie Littlewood, the Financial Services Authority said today in a statement.
Posted in Finance Fraud Tags: Alternative Investment Market, Capital Group, Chase Co, Commerzbank, Commerzbank Ag, Comoros Islands, Company Lawyer, Corporate Finance Adviser, Criminal Case, Criminal Prosecution, Deterrence, Dresdner Kleinwort, Financial Regulator, French Territory, Insider Trading, Investment Banker, Jpmorgan Chase, Littlewood, Mayer Brown, Wife Angie Comments OffCalifornia IOUs May Be Treated As Municipal Securities
July 9th, 2009 Before You Invest The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.Some of the nation’s largest banks say that, starting Friday, they will no longer accept the IOUs. The banks want to pressure the state to end its budget impasse, but their action could leave many businesses and families with fewer options for getting their money.The Securities and Exchange Commission is going to recommend that the IOUs, which carry an annual interest rate of 3.75 percent, be regulated by the Municipal Securities Rulemaking Board as a form of municipal debt.
Posted in Finance Fraud Tags: Asset Investors, Bank Of America, Bank Of America Corp, Budget Impasse, Chase Co, Chief Strategy Officer, Citigroup Inc, Illiquid Assets, Ious, Jeremy Smith, Jpmorgan Chase, Msrb, Municipal Debt, Municipal Securities Rulemaking Board, Nongovernment, Orderly Market, Regional Banks, Regulated Market, Securities And Exchange Commission, Spokesman John No Comments »Former Morgan Stanley Broker Prosecuted for Theft
February 19th, 2009 Before You Invest A former Morgan Stanley vice president was arraigned on a 43-count indictment for stealing $2.5 million from the company over a seven-year period.Richard Garaventa Jr., an ex-vice president in operations, wrote 50 company checks between Sept. 5, 2001, and Dec. 24, 2008, ranging from $8,670 to $74,812, made out to a firm he made, according to the indictment obtained by Manhattan District Attorney Robert Morgenthau and filed Feb.
Posted in Finance Fraud Tags: 5 Million, Admission, Airfare, Cash Withdrawals, Chase Co, Checking Account, Company Checks, Count Indictment, Dec 24, Dozens, Garaventa, Jpmorgan Chase, Manalapan New Jersey, Manhattan District Attorney, Morgan Stanley, Morgan Stanley Representative, New York In August, Prosecutors, Robert Morgenthau, Thousands Of Dollars No Comments »
