Article: Boston pension fund accuses big banks of manipulating U.S. securities

Article - Media

Boston pension fund accuses big banks of manipulating U.S. securities

Greg Ryan

Boston Business Journal, 24 July 2015

The city of Boston’s pension fund has sued more than 20 of the world’s largest financial companies, claiming they conspired to alter the prices of U.S. Treasury securities they sold to the fund and other investors across the country.

The lawsuit, which was filed in New York federal court on Thursday, targets Merrill Lynch, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets, among other dealers of the securities.

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Article: Financial Finger-Pointing Turns to Regulators

Article - Media

Financial Finger-Pointing Turns to Regulators

Louise Story, Gretchen Morgenson

New York Times, 22 November 2011

In the whodunit of the financial crisis, Wall Street executives have pointed the blame at all kinds of parties — consumers who lied on their mortgage applications, investors who demanded access to risky mortgage bonds, and policy makers who kept interest rates low and failed to predict a housing market collapse.

But a new defense has been mounted by a bank executive: my regulator told me to do it.

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Letter: To SEC from Dave Patch on Tick Test

Letter

January 12, 2007

Ms. Nancy M. Moms Securities and Exchange Commission 100F Street, NE Washington D. C., 20549-1090

As a follow-up to my previous memo regarding this proposal to eliminate the tick test/ price test, I would like to further emphasize the concerns the public has with regards to the regulations of market making activities as they pertain to this proposed and all other short sale regulations.

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Release: NASD Charges Pennsylvania’s Scott W. Ryan, Ryan & Company with Impermissible Short Selling Scheme for Hedge Fund Clients

Release

NASD Charges Pennsylvania’s Scott W. Ryan, Ryan & Company with Impermissible Short Selling Scheme for Hedge Fund Clients

13 June 2005

NASD announced today that it has charged Scott W. Ryan of Bryn Mawr, PA, and Ryan & Company, LP (RYCO) of West Conshohocken, PA, with engaging in a long-term, widespread scheme of impermissible short selling activity on behalf of three hedge fund clients.

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