{"id":4428,"date":"2007-05-22T01:19:17","date_gmt":"2007-05-22T01:19:17","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/securities_and_exchange_commis_5"},"modified":"2022-03-25T14:29:50","modified_gmt":"2022-03-25T19:29:50","slug":"securities-and-exchange-commis-5","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-and-exchange-commis-5\/","title":{"rendered":"SEC Says Credit Suisse First Boston Broker’s Tips on TXU Used by Pakistani Banker"},"content":{"rendered":"

The SEC says it is requesting that the name of Pakistani banker Ajaz Rahim be added to the lawsuit charging the trading in of call options for TXU Corp that were based on insider information regarding an investment group’s leveraged buyout of the entity. The commission filed its third amended complaint in the U.S. District Court for the Northern District of Illinois.<\/p>\n

The SEC is accusing Rahim of accepting tips offered by CSFP banker Hafiz Naseem, who is said to have misappropriated information from Credit Suisse, LLC, which advised TXU regarding the buyout.<\/p>\n

Naseem was charged in connection to his alleged involvement in the controversy in the SEC’s second amended complaint. The SEC had issued allegations of insider trading just before the TXU buyout against “Certain Unknown Purchasers of TXU Call Options.<\/p>\n

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

The SEC says it is requesting that the name of Pakistani banker Ajaz Rahim be added to the lawsuit charging the trading in of call options for TXU Corp that were based on insider information regarding an investment group’s leveraged buyout of the entity. The commission filed its third amended complaint in the U.S. District […]<\/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":[3817,3760],"tags":[],"class_list":["post-4428","post","type-post","status-publish","format-standard","hentry","category-credit-suisse","category-sec-enforcement"],"yoast_head":"\nSEC Says Credit Suisse First Boston Broker's Tips on TXU Used by Pakistani Banker — Investor Lawyers Blog — May 22, 2007<\/title>\n<meta name=\"description\" content=\"The SEC says it is requesting that the name of Pakistani banker Ajaz Rahim be added to the lawsuit charging the trading in of call options for TXU Corp — May 22, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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