Losses and lawsuits

LOSS DATABASE

Our monthly review of fraud management failure, human error and other operational hazards at financial firms around the world, distilled from the First database of operational risk loss events and case studies

Lipper

The Securities & Exchange Commission (SEC)announced on October 29 that it had filed fraud charges against Edward Strafaci, the former portfolio manager of Lipper convertible hedge funds, for overstating the value of the funds. The SEC alleges that Strafaci overstated the value of

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