Stora trades are cited in CSFB case

Article Abstract:

Credit Suisse First Boston has suspended 3 securities traders for buying $800,000 of Stora AB shares in an attempt to manipulate the Swedish bourse. CSFB traders James Archer, Adrian Ezra, and David Chrisanti bought stock in the forestry firm between Dec 25, 1998 and Jan 1, 1999, in an effort to profit from the differences between the price of Stora stock and futures contracts based on the Stockholm general index. The three were members of a London index-arbitrage team known as the Flaming Ferraris after their favorite mixed drink.

Government regulation (cont), Switzerland, Sweden, Abstract, Credit Suisse First Boston L.L.C.

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Goldman ex-broker wins payout in dispute over use of client list

Article Abstract:

Stockbroker Sanford Katz won a $2.5 million award from his former employer The Goldman Sachs Group Inc. of the United States. The award is the largest employee arbitration ever levied against the investment bank. The investment bank witheld stock awards owing to Mr. Katz because he took his client list with him when he left the company.

Personnel administration, Securities Brokerage, Stock Brokerage, Stockbrokers, Discipline, Compensation and benefits, The Goldman Sachs Group Inc.

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Deutsche Bank unit settles charges: payment of $87.5 million resolves broad inquiry of Wall Street research

Article Abstract:

Deutsche Bank Securities Inc. has agreed to pay $87.5 million to resolve conflict of interest charges. The Deutsche Bank AG unit was one of several investment banks that had manipulated Wall Street market research.

Research bias, Deutsche Bank Securities Inc.

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