Sentence examples for fictitious trading from inspiring English sources

Mr. Marin emphasized that this did not imply that other bank employees engaged in any fictitious trading.

But it was only on Sept. 14, when Mr. Adoboli sent him an e-mail that the prosecution has said outlined fictitious trading activities, that he realized what was happening, he said.

PARIS — The credibility of Société Générale's management came under fresh scrutiny Monday after Jérôme Kerviel told French prosecutors that his fictitious trading started as far back as 2005 a year earlierer than the bank had acknowledged.

LONDON — Fictitious trading and brazen gambling by a single individual could have brought down the Swiss financial giant UBS, a British prosecutor said on Friday at the trial of a former bank employee accused of causing a multibillion-dollar trading loss.

Jaffe, who got outsized returns in his Madoff accounts (46% annually vs. 12% for regular investors) and withdrew $150 million from those accounts over the years, was aware that Madoff created false paperwork and engaged in fictitious trading by backdating tickets and creating fake confirmations, the SEC contends.

"These fictitious trades concealed the fact that the index futures trades violated UBS's risk limits".

Mr. Adoboli, according to the bank, masked those activities from internal risk controls with fictitious trades.

Sources said Kerviel used the Fimat name in his cover-up of allegedly fictitious trades.

Mr. Rusnak's employers say he hid his losses in part by using fictitious trades.

Those positions violated the firm's risk limits, which he "concealed" by creating "fictitious trades," the bank said.

The bank claimed that Mr. Adoboli had masked the billion dollar losses from internal controls with fictitious trades.