{"id":1983,"date":"2017-12-21T18:17:33","date_gmt":"2017-12-22T00:17:33","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1983"},"modified":"2022-03-22T15:10:52","modified_gmt":"2022-03-22T20:10:52","slug":"ubs-group-ordered-pay-former-cmbs-strategist-turned-whistleblower-903k","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ubs-group-ordered-pay-former-cmbs-strategist-turned-whistleblower-903k\/","title":{"rendered":"UBS Group Ordered to Pay Former CMBS Strategist Turned Whistleblower $903K"},"content":{"rendered":"<p>\t\t\t\tA jury in Manhattan federal court found that <a href=\"https:\/\/www.investorlawyers.com\/ubs-painewebber-background-information.html\">UBS Group (UBS)<\/a> owes ex-commercial mortgage-backed securities strategist Trevor Murray $903K after he turned whistleblower on the Swiss lender. Murray contends that he was fired after reporting that CMBS traders had tried to affect his research reports, which were supposed to be independent.<\/p>\n<p>Murray claims that UBS CMBS bond trading head and managing director David MacNamara insisted on screening drafts of the strategist\u2019s reports in advance, which violates firm policy. The former UBS strategist accused Kenneth Cohen, his former boss, of being the one to instigate the pre-clearance process and calling his reports \u201coff message.\u201d<\/p>\n<p>Testifying about one instance, Murray spoke about how Cohen instructed him not to put down anything negative regarding the hotel sector since UBS was engaged in financing for a Miami Beach hotel. The ex-UBS strategist said that he disregarded Cohen\u2019s alleged instructions and notified clients about his worries. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/ubs-group-ordered-pay-former-cmbs-strategist-turned-whistleblower-903k\/#more-1983\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A jury in Manhattan federal court found that UBS Group (UBS) owes ex-commercial mortgage-backed securities strategist Trevor Murray $903K after he turned whistleblower on the Swiss lender. Murray contends that he was fired after reporting that CMBS traders had tried to affect his research reports, which were supposed to be independent. Murray claims that UBS [&hellip;]<\/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":[3757,3755,3938],"tags":[],"class_list":["post-1983","post","type-post","status-publish","format-standard","hentry","category-mortgagebacked-securities","category-ubs","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBS Group Ordered to Pay Former CMBS Strategist Turned Whistleblower $903K &#8212; Investor Lawyers Blog &#8212; December 21, 2017<\/title>\n<meta name=\"description\" content=\"A jury in Manhattan federal court found that UBS Group (UBS) owes ex-commercial mortgage-backed securities strategist Trevor Murray $903K after he turned &#8212; December 21, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ubs-group-ordered-pay-former-cmbs-strategist-turned-whistleblower-903k\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UBS Group Ordered to Pay Former CMBS Strategist Turned Whistleblower $903K &#8212; 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