Fined: ABN AMRO Clearing Chicago LLC Fined by FINRA

Fined

ABN AMRO Clearing Chicago LLC Fined by FINRA

An AWC was issued in which the firm was censured and fined $150,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it understated the portfolio margin requirements for accounts at various points in time. The findings stated that the firm incorrectly treated certain overthe-counter (OTC) equity securities, which are not margin eligible, as marginable securities. As a consequence, the firm understated the margin requirements for these accounts by millions of dollars.

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Article: NY DA Morgenthau wanted to end offshore bank & corporate secrecy

Article - Media

NY DA Morgenthau wanted to end offshore bank & corporate secrecy

Lucy Komisar

The Komisar Scoop, 22 July 2019

Robert Morgenthau, who was the District Attorney of Manhattan for 33 years, died today at 99. He was a mortal enemy of the corrupt offshore bank and corporate secrecy system and used the fact of dollars settling in Manhattan banks to go after money-launderers throughout the world.

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