SEC
Whistleblower
Advocates

December 22, 2015

SG Americas Securities LLC, Yimin Ge

Trading and Pricing

SANCTION AMOUNT: $1,036,093

Defendants: SG Americas Securities LLC
Yimin Ge

Respondents, a brokerage firm and its trader, were allegedly involved in a "parking" scheme with a portfolio manager at Morgan Stanley Investment Management Inc. The portfolio manager allegedly sold fixed income securities that needed to be liquidated out of certain accounts to Respondents, but had prearranged to repurchase them for the initial sale price plus a minimal markup in order to “buyback” the positions into other accounts advised by MSIM.

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