Credit Suisse hit with $90 million SEC fine for misrepresenting new client assets LeapRate

October 05, 2016 BY LeapRate Staff

Credit Suisse hit with $90 million SEC fine for misrepresenting new client assets

The U.S. Securities and Exchange Commission today announced that Credit Suisse Group AG (ADR) (NYSE:CS) has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. Former Credit Suisse executive Rolf Bogli, who served as chief operating…

Tag: Credit Suisse wealth management

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