Former chief executive officer of a ConvergEx Group LLC unit and an ex-trader has been indicted for allegedly bilking millions of dollars from clients by charging hidden trading fees. The indictment from the U.S. Justice Department was made public Thursday. ConvergEx subsidiaries charged As reported earlier, in December, three brokerage subsidiaries including ConvergEx Global Markets Limited and two former employees of leading trading services provider ConvergEx were charged with fraud in two parallel cases by the SEC. The cases relate to fraud wherein a number of institutional clients were charged much more than they were supposed to be for the…
Ex-ConvergEx Chief Charged With Securities Fraud
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports