01 aug: USA/Nordea: Vigtig aftale afværger krise her og nu
01 aug: Onsdagens aktier: Nervøs dag i venteværelset - GENT
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

Mærsk: Fragtraterne fortsatte opturen i denne uge

03-09-2015 13:45:50
Fragtraterne på den store rute mellem Asien og Nordeuropa er steget med over 25 pct. for anden uge i træk, skriver nyhedsbureauet Reuters, med henvisning til ta..

Aktier/åbning: ISS straffes for canadisk storudsalg

03-09-2015 09:22:45
Servicekoncernen ISS rammes af et storudsalg af aktier fra den canadiske pensionskasse Ontario Teachers Pension Plan. Pensionskassen har sat 11 mio. aktier til ..

Vind: Brasilien lover højere prisloft på næste auktion

03-09-2015 08:33:37
Der er godt nyt til vindindustrien i Brasilien, hvor myndighederne lover at forhøje maksimalprisen ved den kommende auktion over vindmølleprojekter. Priserne ve..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Grøn torsdag afløses af fredagsdepression
2
Japansk støvsugning har nået grænsen
3
Aktiemarkedet holder vejret inden mødet med nøgletallenes konge
4
USA: Beskæftigelsesrapport overrasker markant negativt - NY
5
Danske C20 Cap i top-fem over verdens største indeksstigninger

Relaterede aktiekurser

Royal Bank of Scotland G.. 322,50 -3,6% Fald i aktiekurs
JPMorgan Chase & Co 61,17 -2,4% Fald i aktiekurs
Citigroup Inc 50,54 -2,4% Fald i aktiekurs
Morgan Stanley 33,11 -2,0% Fald i aktiekurs
U.S. Bancorp (DE) 40,36 -2,6% Fald i aktiekurs
Bank of New York Mellon .. 38,46 -2,1% Fald i aktiekurs
Goldman Sachs Group Inc 180,01 -2,7% Fald i aktiekurs
Royal Bank of Scotland G.. 9,76 -3,6% Fald i aktiekurs
Commerzbank AG ORD NPV 9,64 -4,1% Fald i aktiekurs
Commerzbank I 10,55 -1,9% Fald i aktiekurs
JP Morgan COM STK USD1 61,49 -0,5% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

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.
 
4. september 2015 18:33:45
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150903.1 - EUROWEB7 - 2015-09-04 18:33:45 - 2015-09-04 18:33:45 - 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