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
Relateret debat
24 dec - 
I enjoyed over read your blog post. Your blog have nice..
09 dec - 
Han var ovenikøbet med i udvalg i Nordea som undersøger..
09 dec - 
http://www.bt.dk/nyheder/han-sprang-ud-fra-sjette-sal-n..

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

Danske Bank udnævner Gilbert Kohnke til kreditchef - NY

30-01-2015 15:50:19
Danske Bank har udnævnt Gilbert Kohnke til Chief Risk Officer (CRO). Han får ansvar for Group Risk Management og indtræder i bankens direktion med virkning fra ..

Mærsk: Japansk treenighed tegner et blandet rate-billede

30-01-2015 12:02:51
De tre japanske rederier MOL, NYK og K-Line har offentliggjort 3. kvartalsregnskaber for deres forskudte regnskabsår 2014/15. De tre rederier er alle repræsente..

Aktier/åbning: Aktierne er i plus i C20 - kun TDC står til fald

30-01-2015 09:30:05
Det danske aktiemarked fejrer weekendens komme med stigninger næsten over hele linjen. Kun TDC ligger i rødt i bunden af C20 Cap-indekset med et fald på 0,14 pc..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Fredagens aktier: Novo handlet ned trods stærkt regnskab
2
Nationalbanken stoppper for udstedelse af statsobligationer
3
Novo/Mainfirst: Kursmål hæves til 260 fra 225
4
FLS/Jyske: Brancheregnskaber peger på stabil efterspørgsel
5
Jutlander Bank nedskriver på landbrug - opjusterer indtjening

Relaterede aktiekurser

JPMorgan Chase & Co 54,38 -2,3% Fald i aktiekurs
Citigroup Inc 46,95 -1,4% Fald i aktiekurs
Morgan Stanley 33,81 -1,6% Fald i aktiekurs
Bank of New York Mellon .. 36,00 -0,7% Fald i aktiekurs
U.S. Bancorp (DE) 41,91 -1,6% Fald i aktiekurs
Royal Bank of Scotland G.. 365,59 -1,0% Fald i aktiekurs
Goldman Sachs Group Inc 172,41 -2,0% Fald i aktiekurs
Royal Bank of Scotland G.. 10,86 -2,6% Fald i aktiekurs
Commerzbank AG ORD NPV 10,67 -0,6% Fald i aktiekurs
ROY BK of Scotland 4,70 -4,3% Fald i aktiekurs
Commerzbank I 11,15 0,5% Stigning i aktiekurs
JP Morgan COM STK USD1 54,77 -0,2% Fald i aktiekurs

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.

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
31. januar 2015 15:38:43
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150130.2 - EUROWEB7 - 2015-01-31 15:38:43 - 2015-01-31 15:38:43 - 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