NYSE Censures Gruntal For Fraud And Operational Control Failures

MANAGEMENT & OPERATIONS

New York-based securities broker/dealer Gruntal has been found guilty of a series of securities law and exchange rule violations by the New York Stock Exchange (NYSE).

The list of charges filed against Gruntal concern events that occurred between 1984 and 1995. The former head of Gruntal's institutional mortgage-backed securities (MBS) desk improperly valued collateralized mortgage obligations (CMOs) held on its books, according to documents from the NYSE investigation.

This mispricing boosted the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here