January 03, 2018
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.
December 14, 2016
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.
April 12, 2016
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.