You may believe that, after getting some undesirable queries from the powers that have to do with your relationship to somebody they believe is at the center of what they think to be an enormous insider-trading ring around block-trades, you may wish to keep your range from that somebody. Especially after that somebody was prohibited from the brokerage and financial investment advisory companies for a year and participated in a delayed prosecution arrangement around those accusations—which likewise cost his previous company and your previous counterparty $249 million—even if he still technically rejects them.
But CaaS Capital Management was developed on the “breadth and strength” of its relationships. Indeed, even after those relationships—and the supposed tips that visited method of them—came under analysis and regulative rebuke, CaaS still happily declares, “our overarching objective is to cultivate mutually advantageous relationships among all our stakeholders.” And if among those “stakeholders” discovers himself damned-near unemployable for 12 months, the nature of “mutually advantageous relationships”—undoubtedly an uncomfortable euphemism for “loyalty” however all the exact same—needs you to alter your essential structure to preserve such, well, then, that’s what you do, a minimum of if you’re Caas Capital.
Pawan Passi was worked with by Frank Fu’s CaaS Capital Management, according to individuals knowledgeable about the matter…. He’s able to operate at CaaS due to the fact that 3 weeks ago the company ended its registration with the SEC, according to a regulative filing….
CaaS utilized to call itself a “global investment manager” and now states it’s a “single family office,” according to its site. That permits it to quit its status as a financial investment advisor due to the fact that it no longer has outdoors customers.
Barred Morgan Stanley Banker Joins Firm That Got His Trading Leaks [Bloomberg]
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