Close-Out Reviews

A major bank closed-out a portfolio consisting of equity, fx and commodity derivatives for a significantly lower amount than the recent valuation statement, careful review of the trades and the documentation revealed that the bank had overlooked making some of the close-out payments.


A broker was accused of abusive trading, we reviewed the broker strategy and trading records and found no evidence of abusive trading, our detailed report was sent to the national regulator and the accusation was dropped.