It's was a warming to MM's and Banks that they're
Post# of 8802
Posted On: 12/17/2016 11:14:06 AM
Re: Bush Doctor #8401
It's was a warming to MM's and Banks that they're watching due to fraud and money laundering.
http://www.finra.org/sites/default/files/Cred...120516.pdf
Quote:
The customers facilitating KCG’s short sales by buying the stock long, DiIorio claimed, are typically high net-worth individuals operating through Swiss banks , using the trading activity as part of a scheme to launder money and evade taxes.
A separate Finra disciplinary action completed just days ago against Swiss firm Credit Suisse faults the bank for failing to flag potential money laundering abuses based on “suspicious microcap stock transactions and sales of unregistered securities. ” The trading at issue “followed patterns commonly associated with microcap fraud.”
http://www.finra.org/sites/default/files/Cred...120516.pdf
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