{"id":1555,"date":"2014-11-28T18:43:46","date_gmt":"2014-11-28T18:43:46","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/11\/securities_fraud_headlines_con"},"modified":"2022-03-11T13:34:13","modified_gmt":"2022-03-11T19:34:13","slug":"securities-fraud-headlines-con","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-headlines-con\/","title":{"rendered":"Securities Fraud Headlines: ConvergEx Group Subsidiary Gets Criminal Sentence for Fraud, Ohio Man Gets Prison Term for Scam, Two Men Face Charges Over Predictive Software, and Fund Manager Admits to $17M Ponzi Scam"},"content":{"rendered":"

\t\t\t\tCGM Limited Pleads Guilty to Securities Fraud <\/strong><\/p>\n

CGM Limited, a subsidiary of ConvergEx, must pay a criminal penalty and restitution of $26 million for conspiracy to commit both securities fraud<\/a> and wire fraud, as well as for wire fraud. The U.S. Department of Justice says that CGM limited charged clients millions of dollars in hidden and unwarranted fees. CovergEx is a global trading and brokerage firm. CGM Limited pleaded guilty to the criminal charges. <\/p>\n

The government says that CGM Limited and certain traders and executives bilked clients by lying to them and taking the money in the form of fees. CGM Limited admitted that there were ConvergEx Group broker-dealers that regularly sent over securities trade orders so a mark-up could be taken when the orders were executed. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

CGM Limited Pleads Guilty to Securities Fraud CGM Limited, a subsidiary of ConvergEx, must pay a criminal penalty and restitution of $26 million for conspiracy to commit both securities fraud and wire fraud, as well as for wire fraud. The U.S. Department of Justice says that CGM limited charged clients millions of dollars in hidden […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792,3741],"tags":[],"class_list":["post-1555","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams","category-securities-fraud"],"yoast_head":"\nSecurities Fraud Headlines: ConvergEx Group Subsidiary Gets Criminal Sentence for Fraud, Ohio Man Gets Prison Term for Scam, Two Men Face Charges Over Predictive Software, and Fund Manager Admits to $17M Ponzi Scam — Investor Lawyers Blog — November 28, 2014<\/title>\n<meta name=\"description\" content=\"CGM Limited Pleads Guilty to Securities Fraud CGM Limited, a subsidiary of ConvergEx, must pay a criminal penalty and restitution of $26 million for — November 28, 2014\" 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