press releases · December 11, 2011

Press Release

December 12, 2011 Federal Reserve Board issues consent order of prohibition against Tyrone Green For immediate release Share The Federal Reserve Board on Monday announced the issuance of a Consent Order of Prohibition against Tyrone Green, a former precious metals trader at the New York Agency of the Bank of Nova Scotia, Toronto, Ontario, Canada. Green, without admitting to any allegations, consented to the issuance of the order, which was based on his alleged participation in violations of law, unsafe and unsound banking practices, and breaches of fiduciary duty that resulted in substantial losses to Bank of Nova Scotia. Green allegedly entered fictitious trades that concealed a significant trading loss and allowed the trading loss to increase substantially without detection. For media inquiries, call 202-452-2955. Attachment
Cite this document
APA
Federal Reserve (2011, December 11). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20111212_federal_reserve_board_issues_consent_order_of
BibTeX
@misc{wtfs_press_release_20111212_federal_reserve_board_issues_consent_order_of,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2011},
  month = {Dec},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20111212_federal_reserve_board_issues_consent_order_of},
  note = {Retrieved via When the Fed Speaks corpus}
}