Wednesday, May 21, 2014

Guilty!

 "Credit Suisseon Friday became the latest big bank to admit wrongdoing to the Securities and Exchange Commission, striking a deal over its failure to comply with a cardinal rule of the financial industry.
The bank, based in Zurich, was accused of advising clients in the United States without first registering at the S.E.C. Credit Suisse paid $196 million to settle with the federal agency, which requires banks and other firms that offer investment advice to comply with basic registration rules."

Another bank and fraud=shocking, NOT