{"id":4423,"date":"2007-05-18T16:26:13","date_gmt":"2007-05-18T16:26:13","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/coleader_of_largest_securities_1"},"modified":"2021-09-20T15:41:28","modified_gmt":"2021-09-20T20:41:28","slug":"coleader-of-largest-securities-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/coleader-of-largest-securities-1\/","title":{"rendered":"Micah S. Green, Expected New CEO of Largest Securities Industry Group, Resigns During Scandal"},"content":{"rendered":"

\t\t\t\tThe Securities Industry and Financial Markets Association (SIFMA) was recently formed by a merger of The Securities Industry Association and The Bond Market Association. On its website the SIFMA claims “We are committed to enhancing the public’s trust and confidence in the markets\u2026” and that in 2007 it will focus on goals including “Ensure the public’s trust in the securities industry and financial markets.” <\/p>\n

Yet, within months, SIFMA has already fallen prey to its own financial scandal. The trade group today acknowledged that Micah S. Green resigned after it was learned that he approved improper loans to employees while he headed the Bond Market Association before the merger. Mr. Green made one of the loans to himself (later paid in full). <\/p>\n

Mr. Green was widely thought to be in line for leadership of the newly-merged group until it was suddenly announced in late March that he would resign and that his co-chair Marc E. Lackritz would head the organization. Lackritz was though to be planning to resign before the investigation over the loan improprieties was revealed. <\/p>\n

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

The Securities Industry and Financial Markets Association (SIFMA) was recently formed by a merger of The Securities Industry Association and The Bond Market Association. On its website the SIFMA claims “We are committed to enhancing the public’s trust and confidence in the markets\u2026” and that in 2007 it will focus on goals including “Ensure the […]<\/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":[3774],"tags":[],"class_list":["post-4423","post","type-post","status-publish","format-standard","hentry","category-broker-dealers"],"yoast_head":"\nMicah S. Green, Expected New CEO of Largest Securities Industry Group, Resigns During Scandal — Investor Lawyers Blog — May 18, 2007<\/title>\n<meta name=\"description\" content=\"The Securities Industry and Financial Markets Association (SIFMA) was recently formed by a merger of The Securities Industry Association and The Bond — May 18, 2007\" \/>\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\/coleader-of-largest-securities-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Micah S. 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