| For immediate release |
|
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 Roberto A.F. Roberts, a former officer and institution-affiliated party of IBJ Schroder International Bank, Miami, Florida.
Mr. Roberts, without admitting to any allegations, consented to the issuance of the order in connection with his alleged unsafe and unsound practices and breaches of fiduciary duties regarding his management of certain discretionary cash management accounts. Mr. Roberts paid a civil money penalty of $15,000. A copy of the order is attached. |
| Order (197 KB PDF) |