Allianz subsidiary, two former employees plead guilty for allegedly defrauding investors ...Middle East

A subsidiary of the international financial services provider Allianz and two of its three former employees have pleaded guilty to allegedly defrauding investors regarding the safety of “Structured Alpha Funds,” officials announced Tuesday. U.S. Attorney Damian Williams announced on Tuesday that Allianz Global Investors (AllianzGI) and two former employees — former portfolio managers Trevor Taylor and Stephen Bond-Nelson — pled guilty to allegedly misleading investors about the safety of AllianzGI’s Structured Alpha Funds investment products. Gregoire Tournant, the former chief investment officer for the Structured Alpha Funds, also faces charges including conspiracy, securities fra

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