Hashtag: #ConvergEx
![Former Convergex Markets Trader Pleads Guilty Former Convergex Markets Trader Pleads Guilty](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2012/09/gavel-court-generic-2.jpg&w=120&h=120&zc=1)
Former Convergex Markets Trader Pleads Guilty
47-year-old Michael Marshall of Bermuda pleaded guilty in the District of New Jersey to one count of conspiracy to falsify the books and records of a broker-dealer, the U.S. Department of Justice said. A statement from the U.S. Department of Justice said, “Michael Craig Marshall, 47, of Bermuda, pleaded guilty before U.S. District Judge Jose L.... Read more of this article
![ConvergEx Group Subsidiary To Pay $26 Million ConvergEx Group Subsidiary To Pay $26 Million](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2012/02/convergex.jpg&w=120&h=120&zc=1)
ConvergEx Group Subsidiary To Pay $26 Million
A brokerage subsidiary of ConvergEx Group LLC was sentenced and ordered to pay a criminal penalty and restitution of $26 million for wire fraud and conspiracy to commit securities and wire fraud in connection with a scheme to charge clients millions of dollars in unwarranted and hidden fees, a statement from the FBI said. “CGM Limited, a subsidiary... Read more of this article
![Conspiracy Charge Filed Against Former Trader Conspiracy Charge Filed Against Former Trader](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2013/10/court-gavel-justice-generic-4-3.jpg&w=120&h=120&zc=1)
Conspiracy Charge Filed Against Former Trader
According to the FBI, a former trader for ConvergEx Global Markets Ltd. — a former securities broker-dealer registered in Bermuda — has been charged in New Jersey with conspiracy to commit wire fraud. 47-year-old Craig Marshall — who the FBI said was based in Bermuda — was charged under seal by criminal complaint on May 27, 2014,... Read more of this article
![ConvergEx To Pay $150M To Settle Fraud Case ConvergEx To Pay $150M To Settle Fraud Case](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2013/10/court-gavel-justice-generic-4-1.jpg&w=120&h=120&zc=1)
ConvergEx To Pay $150M To Settle Fraud Case
The U.S. Securities and Exchange Commission said today [Dec 18] that subsidiaries of ConvergEx Group agreed to pay more than $107 million and admit wrongdoing to settle the SEC’s charges. In a parallel action, the Department of Justice announced criminal charges against ConvergEx Group, a brokerage subsidiary, and the two former employees. To resolve... Read more of this article
![ConvergEx Shuts Bermuda Trading Program ConvergEx Shuts Bermuda Trading Program](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2012/02/convergex.jpg&w=120&h=120&zc=1)
ConvergEx Shuts Bermuda Trading Program
ConvergEx Group has shuttered its Bermuda-based programme trading operation, the subject of an investigation by the Securities and Exchange Commission and the US Department of Justice, industry journal “Traders” reported yesterday [Mar.12] Meanwhile, Anthony Blumberg, chief executive officer of the division, known as ConvergEx Global Markets,... Read more of this article
![ConvergEx Bermuda Woes Spotlighted ConvergEx Bermuda Woes Spotlighted](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2012/02/convergex.jpg&w=120&h=120&zc=1)
ConvergEx Bermuda Woes Spotlighted
The cover story of the February issue of “aiCIO” explains why the Federal Bureau of Investigation, the Securities & Exchange Commission and the US Postal Service have reportedly focused their attention on the transition management practices of ConvergEx Group, an affiliate of leading global custodian BNY Mellon with a major Bermuda presence. Published... Read more of this article
![ConvergEx Bermuda Subsidiary Probed ConvergEx Bermuda Subsidiary Probed](https://cloudfront.bernews.com/wp-content/themes/wp-clear/scripts/timthumb.php?src=uploads/2011/12/logo-doj.jpg&w=120&h=120&zc=1)
ConvergEx Bermuda Subsidiary Probed
ConvergEx Group today [Dec.24] announced the company and CVC Capital Partners have terminated their pending merger because of parallel investigations by the US Securities & Exchange Commission and Department of Justice into a Bermuda subsidiary of the technology firm. The transaction, announced on July 20, 2011, provided for ConvergEx to be acquired... Read more of this article