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Securities Fraud Blog

Greco & Greco, P.C.

W. Scott Greco

Fight Investment Fraud

Greco & Greco's lawyers represent investors to recover losses caused by securities fraud, churning, lack of suitability, negligence, sales of unregistered securities, unauthorized trading, and other misconduct by stock brokers, investment advisors, financial planners and their firms.

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Fraud charges by SEC against Former UBS broker

Fraud charges related to the sale of a hedge fund operated as a ponzi scheme were settled with a former broker of UBS according to this CCH Wall Street article..  The SEC alleged in its Complaint that the UBS broker made misrepresentations regarding the GLT Venture Fund, L.P. while raising $14.1 million for the fund.  The broker agreed to pay disgorgement and civil penalties in addition to an injunction forbidding future violations.

Posted by W. Scott Greco on 01/25/08.
Brokerage FirmsUBSHedge FundsSECPermalink

New York subpoenas firms in mortgage fraud probe

Reuters has reported here that the state of New York has subpoenaed three large Wall Street banks (Merrill Lynch, Bear Stearns, and Deutsche Bank) pursuant to a probe related to the creation of mortgage-backed securities.  The New York probe reportedly is looking into how mortgages were packaged together by Wall Street to create securities sold to investors and the banks’ relationship with credit-rating firms.

Posted by W. Scott Greco on 01/11/08.
Brokerage FirmsBear StearnsDeutsche BankMerrill LynchCMOs / CDOsState RegulatorsNew YorkPermalink

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