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United States Securities and Exchange Commission v. Bassily

  1. January 03, 2018

    Ex-ConvergEx Manager Settles SEC Fraud Suit With $1M Deal

    The U.S. Securities and Exchange Commission said Wednesday that the former chief of ConvergEx Group LLC's transition management business has agreed to pay nearly $1 million as part of a deal settling claims he played a leading role in a scheme that allegedly bilked clients out of millions of dollars through hidden charges on their trades.

  2. December 14, 2016

    NY Judge Scolds SEC Over 'Cryptic' ConvergEx Complaint

    A New York federal judge on Wednesday took the U.S. Securities and Exchange Commission to task over the agency's complaint against a former manager of a ConvergEx Group LLC entity allegedly involved in a markup scheme, suggesting the SEC rewrite the complaint to refer more clearly to domestic transactions.

  3. April 12, 2016

    SEC Says ConvergEx Manager Directed Markup Fraud Scheme

    The U.S. Securities and Exchange Commission on Tuesday filed suit against a former manager at a ConvergEx Group LLC entity over his alleged role in a broader scheme that bilked funds managed on behalf of charities, universities and other institutional investors out of millions of dollars through the use of secret trading commissions.