| For immediate release |
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The Federal Reserve Board today announced the issuance of a combined Order to Cease and Desist and Order of Assessment of a Civil Money Penalty against Mark Yale, a former employee and institution-affiliated party of Bankers Trust New York Corporation and BT Securities Corporation, New York.
Mr. Yale, without admitting to any allegations, consented to the issuance of the order in connection with his alleged involvement in the provision of a valuation for leveraged derivative transactions to a customer of the bank holding company and its subsidiaries. Mr. Yale paid a civil money penalty of $25,000. A copy of the order is attached. |
| Order (197 KB PDF) |