FINRAbob200体育证券欺诈Roundup: Guggenheim Securities Fined $800K For Failure to Supervise CDO Traders, Brokerage Firm Managing TIC Securities Doesn’t Have to Arbitrate Investor Claims, & Investor Award in Morgan Keegan Funds is Upheld

FINRAis fining Guggenheim Securities, LLC $800,000 for allegedly not supervising two collateralized debt obligation traders accused of hiding a trading loss. The traders are Alexander Rekeda and Timothy Day. Rekeda, who is the financial firm’s ex-CDO Desk head, has to pay $50,000 and is suspended for a year. Day’s fine is $20,000 and he received a four month suspension. By settling, none of the parties are denying or admitting to the FINRA securities charges.

由于交易失败，古根海姆（Guggenheim）的CDO办公桌于2008年10月收购了500万欧元的CLO垃圾收入批次。当桌子无法出售该职位时比最初同意通过虚假陈述CLA支付的费用要多95万美元。FINRA表示，为了掩盖CLO职位的交易损失，两位交易者给了客户订单的票证，以提高CLO职位的价格并降低了其他头寸的价格。Day, allegedly at Rekeda’s order, is accused of lying to the client when the latter asked about the price modifications by saying that the CLO position had a third-party seller that had settled the trade at a higher price and wanted the customer to pay this rate. The client agreed, and, in exchange, Day and Rekeda said that they would compensate the customer via other transactions, including waiving the fees owed related to resecuritization transactions, adjusting the prices on several other CLO trades, and providing a payment in cash. No records, however, indicate that these transactions were related to the CLO overpayment.

在other FINRA securities news, the U.S. Court of Appeals for the Eighth Circuit has affirmed a district court’s ruling that a broker-dealer that acted as the managing broker-dealer in a Tenant in Common securities cannot be compelled to arbitrate claims filed by investors of the failed enterprise. InBerthel Fisher & Co. Financial Services Inc. v. Larmon，迈克尔·梅洛伊（Michael Melloy）法官同意，出于SRO的目的，投资者不是金融公司的“客户”。

The FINRA securities case stems from a ’07 and ’08 securities offering involving investors that bought TIC securities that were issued by Minnesota limited liability companies. Berthel Fisher & Co. Financial Services Inc. acted as the managing broker-dealer that put together a number of FINRA-registered brokerages, the Selling Group Members, that offered the securities to their clients, including these investors. However, the court said that perFleet Boston Robertson Stephens Inc. v. Innovex Inc.，尽管后者认为经纪公司未能对产品进行适当的尽职调查，但柏油堡和投资者之间并不存在关系。相反，举行第八巡回赛，客户被定义为与FINRA成员有直接涉及经纪/投资服务的FINRA成员的业务关系。

同时，在阿拉巴马州北部地区的美国地方法院，参与现已失败的摩根基根投资基金的投资者很高兴得知他们在其衍生工具案中获得了FINRA仲裁裁决已得到确认。原告指责摩根·基根公司（Morgan Keegan＆Co. Inc.这些资金损失了其价值的90％以上，投资者据称违反了受托义务，违反阿拉巴马州证券法，违反规则和其他侵权法诉讼原因。bob200体育

在仲裁小组选择向投资者颁发裁决之后，摩根·基根（Morgan Keegan）试图通过宣称FINRA小组来考虑其权力，从而超越了其权力，并以非会员和非政党的涉嫌不法行为为由授予裁决。但是，地方法院不同意，说有足够的证据发现仲裁员在决定聆听投资者的主张时没有超出其权力。

FINRAFines Guggenheim Securities $800,000 for Failing to Supervise CDO Traders; Two Traders Sanctioned for Efforts to Hide Loss，，，，FINRA，，，，October 11, 2012

Berthel Fisher & Co. Financial Services Inc. v. Larmon(PDF)

Butterworth诉Morgan Keegan＆Co。Inc.

更多博客文章：

Citigroup Inc.’s $590M CDO Putative Class Action Settlement Gets Preliminary Approval from District Court，，，，Stockbroker Fraud Blog, September 13, 2012