15.07.2024 SEC concludes $111m fair fund distribution in ConvergEx case
Matthias Knab, Opalesque:

The Securities and Exchange Commission (SEC) has officially closed the chapter on one of the largest trading fraud cases in recent years. The Fair Fund established in the ConvergEx case has been terminated after successfully distributing over $110 million to harmed investors.

Background:

In December 2013, the SEC charged G-Trade Services LLC, ConvergEx Global Ma

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