Credit Suisse Securities to Pay $16.5M to FINRA Over AML Violations

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Credit Suisse Securities to Pay $16.5M to FINRA Over AML Violations
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Credit Suisse Securities to Pay $16.5M to FINRA Over AML Violations

U.S.-based Credit Suisse Securities LLC agreed Monday to pay $16.5 million to the Financial Industry Regulatory Authority for anti-money laundering violations involving microcap stock transactions. According to FINRA’s action, Credit Suisse’s suspicious activity monitoring program was deficient on two fronts. Credit Suisse primarily relied on its registered reps to identify and escalate potentially suspicious trading, including…

Despite 60% Loss On Shorts, Yarra Square Up 20% In 2020

Yarra Square Investing Greenhaven Road CapitalYarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More


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