Advertisement
YOU ARE HERE: LAT HomeCollectionsHoward A Rubin
IN THE NEWS

Howard A Rubin

FEATURED ARTICLES
NEWS
April 30, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
Merrill Lynch & Co. stunned the securities markets Wednesday by announcing that it will record a $250-million trading loss in mortgage securities this quarter, after what it called "significant unauthorized activity" by one of its top traders in the unusually turbulent market in those bonds. Although a large Merrill Lynch trading loss had been rumored for weeks among professionals in the mortgage markets, many traders said its magnitude was entirely unexpected.
ARTICLES BY DATE
Advertisement
NEWS
April 30, 1987 | MICHAEL A. HILTZIK, Times Staff Writer
Merrill Lynch & Co. stunned the securities markets Wednesday by announcing that it will record a $250-million trading loss in mortgage securities this quarter, after what it called "significant unauthorized activity" by one of its top traders in the unusually turbulent market in those bonds. Although a large Merrill Lynch trading loss had been rumored for weeks among professionals in the mortgage markets, many traders said its magnitude was entirely unexpected.
BUSINESS
August 28, 1990 | From Associated Press
Merrill Lynch & Co. and its insurers have settled a set of claims stemming from $250 million in losses from trading mortgage-backed securities announced in April, 1987, officials said Monday. Merrill also agreed to release more than $1 million in compensation plus interest previously withheld from Howard A. Rubin, a senior trader that Merrill had blamed for a substantial portion of the losses. Merrill spokeswoman Monica Prihoda said Merrill had received $17.
BUSINESS
April 11, 1989 | From Associated Press
A former Merrill Lynch mortgage trader whose allegedly unauthorized transactions resulted in heavy trading losses for the firm will face a hearing on fraud charges, the Securities and Exchange Commission said Monday. The SEC charged that Howard A. Rubin, the former head mortgage-backed securities trader at Merrill Lynch Government Securities, willfully violated federal anti-fraud laws in connection with trades in April, 1987. "A hearing will be scheduled to determine whether the allegations against Rubin are true, and if so, to decide what remedial action, if any, is appropriate," Edwin H. Nordlinger, deputy regional administrator of the SEC's New York office, said in a statement.
Los Angeles Times Articles
|