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BUSINESS
November 4, 2003 | From Reuters
New York Atty. Gen. Eliot Spitzer expects to take action against Phoenix-based Security Trust Co., which provides custody and settlement services to retirement plans, as part of his investigation into improper trade practices, according to sources familiar with the matter. Spitzer's office also may take either civil or criminal action against former STC Chief Executive Grant Seeger, the sources said.
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BUSINESS
August 31, 2005 | From Associated Press
The former chief executive and president of an Arizona-based trust company on Tuesday each pleaded guilty to criminal charges in a mutual funds industry investigation. New York Atty. Gen. Eliot Spitzer accused the former executives of facilitating and participating in fraudulent mutual fund late trading and market timing schemes by a group of related hedge funds. Grant Seeger, former CEO of Security Trust Co.
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BUSINESS
December 10, 2003 | From Reuters and Associated Press
A former Security Trust Co. executive pleaded guilty to a felony Tuesday in the widening mutual fund scandal, after admitting to having disguised illegal trades for hedge fund clients, New York Atty. Gen. Eliot Spitzer's office said. Nicole McDermott, former senior vice president of the Phoenix-based pension services outfit, faces a maximum of four years in prison, Spitzer's office said.
BUSINESS
August 31, 2005 | From Associated Press
The former chief executive and president of an Arizona-based trust company on Tuesday each pleaded guilty to criminal charges in a mutual funds industry investigation. New York Atty. Gen. Eliot Spitzer accused the former executives of facilitating and participating in fraudulent mutual fund late trading and market timing schemes by a group of related hedge funds. Grant Seeger, former CEO of Security Trust Co.
BUSINESS
November 25, 2003 | From Bloomberg News
Security Trust Co. and its former chief executive, Grant Seeger, will be formally accused today of helping a hedge fund make illegal mutual fund trades, people familiar with the matter said Monday. The criminal and civil charges come two months after New York Atty. Gen. Eliot Spitzer said Security Trust allowed Canary Capital Partners to illegally submit mutual fund trades after the market's 4 p.m. EST close.
BUSINESS
December 10, 2003 | From Reuters and Associated Press
A former Security Trust Co. executive pleaded guilty to a felony Tuesday in the widening mutual fund scandal, after admitting to having disguised illegal trades for hedge fund clients, New York Atty. Gen. Eliot Spitzer's office said. Nicole McDermott, former senior vice president of the Phoenix-based pension services outfit, faces a maximum of four years in prison, Spitzer's office said.
BUSINESS
November 25, 2003 | From Bloomberg News
Security Trust Co. and its former chief executive, Grant Seeger, will be formally accused today of helping a hedge fund make illegal mutual fund trades, people familiar with the matter said Monday. The criminal and civil charges come two months after New York Atty. Gen. Eliot Spitzer said Security Trust allowed Canary Capital Partners to illegally submit mutual fund trades after the market's 4 p.m. EST close.
BUSINESS
November 4, 2003 | From Reuters
New York Atty. Gen. Eliot Spitzer expects to take action against Phoenix-based Security Trust Co., which provides custody and settlement services to retirement plans, as part of his investigation into improper trade practices, according to sources familiar with the matter. Spitzer's office also may take either civil or criminal action against former STC Chief Executive Grant Seeger, the sources said.
BUSINESS
September 29, 1991
John Brown has been appointed senior vice president and senior trust officer in California Central Trust Bank's trust administration and marketing division. Before joining CalTrust, Brown was with Mutual of New York, where he oversaw new business development in qualified retirement plan consulting. He has held other posts with Sanwa Bank California and the Bank of New York. In addition, John Unroe has been promoted to vice president and senior compliance officer.
BUSINESS
January 15, 1992 | From Times Staff and Wire Reports
City of Orange Describes Alleged Wymer Scam: The $7.1 million that the city of Orange believed that it was placing in a New York bank so it could be invested was misappropriated before it arrived at the bank, an attorney for the city alleged. Newport Beach money manager Steven D. Wymer placed the money in an account controlled by his firm, Denman & Co. of Irvine, in 1989 and sent Orange a forged document purporting to confirm that the account at Security Pacific Trust Co.
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