RBS Securities Inc., a securities firm facing charges that it perpetrated a long-running securities fraud scheme — primarily from its Stamford, Conn. office — will pay a monetary penalty of $35 million, plus more than $9 million in restitution to its customers, including firms affiliated with recipients of federal bailout funds through the Troubled Asset… Read More >>
Ex-PE Firm Partner Allegedly Billed Clients for Vacations & More
A former senior partner at a major private equity firm is being charged by SEC officials for “defrauding his fund clients” by billing them for personal expenditures such as vacations, hair salon appointments, designer clothes, and high-end electronics that totaled approximately $290,000. The accused Mohammed Ali Rashid, a former senior partner at New York-based private… Read More >>
