"mismarking" his books "in an effort to enhance his apparent job performance and thus his bonus compensation." ❋ Unknown (2009)
What the record says: "By mismarking certain trades and falsely claiming that firm personnel had located stock to borrow, Sandell Asset Management gained an unfair trading advantage over other market participants." ❋ The Sunlight Foundation (2011)
That change increases the odds that mismarking of these less-liquid assets overstates a fund's value, masking losses. ❋ Jean Eaglesham (2011)
In court documents, prosecutors alleged that Mr. Lee began mismarking some of his natural-gas positions in 2003 in order to make them appear more profitable than they actually were. ❋ Chad Bray (2011)
May 13, 2009: Morgan Stanley is fined £1.4 million for systems and controls failings tied to mismarking by a London trader; trader also is fined. ❋ David Enrich (2011)
March 16, 2010: A former London-based senior trader at Merrill Lynch is banned after deliberately mismarking his positions. ❋ David Enrich (2011)
Dec. 16, 2010: Former trader at Toronto Dominion Bank is fined £750,000 $1.16 million for deliberately mismarking his trading positions; bank is fined £7 million. ❋ David Enrich (2011)
Allegations of intentionally mismarking securities are unusual, partly because mutual funds tend to hold easily traded securities. ❋ Joe Bel Bruno (2010)
In the U.S., regulators began looking into whether banks were mismarking their assets and misleading investors in 2007, even before the the financial meltdown. ❋ Susan Pulliam (2010)
The company was fined €2.75 million in October 2009 by the Irish financial regulator for failings which included Mr. Stenfors 'mismarking, the regulator said. ❋ Adam Bradbery (2010)
LONDON — The U.K. financial regulator has banned a former proprietary trader at Merrill Lynch International Bank in London, who was dismissed for mismarking his trading positions by about $100 million last year and who had claimed his heavy work load and a lack of time off had left him "mentally exhausted." ❋ Adam Bradbery (2010)
After discovering that his colleagues were asking questions about the value of his positions, he contacted his managers and admitted he had been mismarking his positions. ❋ Adam Bradbery (2010)
At one point, his mismarking resulted in the fund being overvalued by $8.6 million. ❋ Unknown (2009)
LONDON -- The U. K.'s financial regulator fined a hedge-fund manager £35,000, or about $50,000, and banned him from the securities industry for at least two years for mismarking trading positions as he tried to hide losses, the first time it has taken such action. ❋ Unknown (2009)
Loic Albert Antoine Montserret, a former manager at BlueCrest Capital Management Limited, is the first individual to be both banned and fined for mismarking trade positions by the Financial Services Authority. ❋ Unknown (2009)
At one point his mismarking resulted in the fund being overvalued by $8.6 million. ❋ Unknown (2009)