01 aug: UPDATE: Ally Financial Reports 2nd-Quarter Loss on $1.2 Billion R..
01 aug: Correction to Exelon 1st Quarter and 2nd Quarter Reports
01-08-2012 16:55:00

Peregrine Trustee Seeks Subpoena for 10 Banks

Relateret indhold

CHICAGO--The trustee overseeing Peregrine Financial Group Inc. wants to subpoena financial records from 10 banks involved with the collapsed U.S. brokerage.

A federal judge is being asked to allow Ira Bodenstein, the court-appointed trustee, to issue subpoenas to J.P. Morgan Chase & Co. (JPM), US Bank, Citigroup Inc. (C), Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) and five other institutions, according to a court filing late Tuesday.

Such subpoenas for financial information are a common fixture in bankruptcy cases, as trustees seek to establish the flow and location of funds.

Peregrine collapsed after its chief executive, Russell Wasendorf Sr., attempted suicide on July 9. Mr. Wasendorf faces criminal charges for allegedly lying to regulators, who have estimated that as much as $215 million in customer funds might be missing.

Mr. Bodenstein said in the filing that he was seeking information related to open and closed Peregrine accounts at the institutions.

US Bank held segregated customer funds for Peregrine Financial's clients. J.P. Morgan Chase & Co also held such accounts, according to people familiar with the matter.

Morgan Stanley and Citigroup declined to comment. J.P. Morgan Chase & Co., US Bank, and Goldman Sachs did not immediately respond to calls for comment.

The trustee also wants subpoenas for the Bank of New York Mellon Corp. (BK), First Premier, Jefferies Bache, Royal Bank of Scotland Group PLC (RBS, RBS.LN) and Commerzbank.

Jefferies Bache, a unit of Jefferies, was Peregrine Financial's clearing firm with the CME Group Inc. clearing house.

Jefferies Bache declined to comment.

Bank of New York Mellon, First Premier, Royal Bank of Scotland Group PLC and Commerzbank did not immediately respond to calls for comment.

The request is due to be heard by the judge at a hearing on Aug. 7.

In other developments, Mr. Wasendorg's son, Russell Wasendorf Jr., has been subpoenaed to appear before a federal grand jury examining the alleged wrongdoing that led to Peregrine Financial's collapse. Mr. Wasendorf Jr. was president of the failed brokerage since 2008 and has been described by former employees as running day-to-day operations of the firm. Mr. Wasendorf Jr. hasn't been accused of any wrongdoing.

--Liz Moyer contributed to this article.

Write to Doug Cameron at doug.cameron@dowjones.com and Tatyana Shumsky at Tatyana.Shumsky@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 01, 2012 10:55 ET (14:55 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/tendens: Farvel til fire dages fald

16-04-2014 08:15:21
Fire dage med aktiefald og spekulationer om en reel korrektion ventes onsdag afløst af et noget mere positivt dansk aktiemarked på vej på påskeferie.De amerikan..

Glaxosmithkline får godkendt Victoza-konkurrent i USA

15-04-2014 16:32:47
Det britiske medicinalselskab GlaxoSmithKline, GSK, har fået godkendt den langtidsvirkende GLP-1 analog Albiglutid, der skal konkurrere med Novo Nordisks Victoz..

Novo: Tyske myndigheder vil ikke give Novoeight prisfordel - NY

15-04-2014 14:20:14
Det bliver vanskeligt for Novo Nordisk at hente et ekstraordinært lukrativt prisskilt for sin faktor 8-blødermedicin Turoctocog Alfa (kendt som Novoeight) på de..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Verdens største kapitalforvalter opfordrer til varsomhed
2
Aktier/middag: Markedet stivner efter stærk åbning
3
Europa/aktier: Nervøsiteten fik atter overtaget
4
Aktier/tendens: Farvel til fire dages fald
5
Ukraine kæmper håbløs kamp mod markedet

Relaterede aktiekurser

Citigroup Inc 48,31 1,3% Stigning i aktiekurs
Jpmorgan Chase & CO 54,80 -0,3% Fald i aktiekurs
Morgan Stanley 29,55 1,7% Stigning i aktiekurs
U.S. Bancorp (DE) 41,01 1,0% Stigning i aktiekurs
Bank of New York Mellon .. 33,25 0,1% Stigning i aktiekurs
Goldman Sachs Group Inc 154,92 0,1% Stigning i aktiekurs
Royal Bank of Scotland G.. 9,99 -1,9% Fald i aktiekurs
Royal Bank of Scotland G.. 297,60 0,0% Aktiekurs uændret
Commerzbank I 15,20 0,0% Aktiekurs uændret
Commerzbank AG ORD NPV 12,50 -1,0% Fald i aktiekurs
JP Morgan COM STK USD1 54,85 0,0% Aktiekurs uændret
ROY BK of Scotland 3,61 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
16. april 2014 09:14:56
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140324.1 - EUROWEB1 - 2014-04-16 09:14:56 - 2014-04-16 09:14:56 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x