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C Suisse agrees to pay $90m penalty

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The Securities and Exchange Commission announced that Credit Suisse has agreed to pay a $90m penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.


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Ex-Morgan Stanley trader fined and suspended

Nicholas Michael Bonacci, a former mortgage-bond trader at Morgan Stanley, was fined by the Securities and Exchange Commission and suspended from the industry for a year for misleading customers about the value of the securities they were buying, causing them to pay more.