Crime

SEC fines U.S. fund-manager Fallback Image Decorative pattern

Industry

SEC fines U.S. fund-manager

Disgorgement is such an ugly word. But it could happen to Jason J. Koiner, a New York-based ‘fund manager’ and his two firms Absolute Fund Management and Absolute Fund Advisors. The SEC alleges that since November 2011 Koiner raised $11 million selling investors limited partnership interests. He promised investors that he would allocate capital of […]

By Martha Porado |June 1, 2012

1 min read

Ex-Morgan Stanley director faces prison Fallback Image Decorative pattern

Industry

Ex-Morgan Stanley director faces prison

Garth Peterson, a former managing director in Morgan Stanley's real estate business in China, faces up to five years in prison after he subverted the firm's controls against foreign bribery.

By Staff |May 10, 2012

1 min read

Options + pipe bombs = excess risk Fallback Image Decorative pattern

Industry

Options + pipe bombs = excess risk

There’s a right way and a wrong way to trade options. The right way involves risk of capital loss. The wrong way risks loss of life, limb and/or freedom. Clearly, the latter is a more interesting read.

By Staff |May 8, 2012

1 min read

Fraudsters pocket $15 million in “Madoff deal” Fallback Image Decorative pattern

Industry

Fraudsters pocket $15 million in “Madoff deal”

Three men were charged yesterday for fraudulent investment schemes operated over the past four years; from 2008 to 2012, they successfully deflected claims they were running Bernie Madoff type deals and managed to nab $15 million from investors.

April 19, 2012

3 min read