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Showing 1 - 4 of 4 results for "Complex Financial Instruments Unit"

Bloomberg pays US$5m in SEC charges

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... accurate information to their customers about their valuation processes," SEC chief enforcement's complex financial instruments unit Osman Nawaz said. "This matter underscores that we will hold service providers, such as Bloomberg, accountable for misrepresentations ...

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... understanding of the risks those products present," chief of the Division of Enforcement's Complex Financial Instruments Unit, Osman Nawaz said. "As fiduciaries, advisers also must make suitable recommendations to their clients. Complex products can ...

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
... bidder not to describe Kamensky's conduct as a threat." The SEC division of enforcement's complex financial instruments unit chief Daniel Michael said this type of "deceptive conduct" has no place in securities offerings. "Kamensky abused his position ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... private jet service, 150 luxury sports cars and multiple properties. Daniel Michael, chief of the complex financial instruments unit of the SEC's enforcement division said that while the Carpoffs' pitch to investors seemed new and innovative, their ...
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