December 22, 2015
SG Americas Securities LLC, Yimin Ge
Trading and Pricing
SANCTION AMOUNT: $1,036,093
Defendants: SG Americas Securities LLC
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.
- Key Docs
- Official SEC press release